Purchase Solution

Government Regulation of Business

Not what you're looking for?

Ask Custom Question

What are the major types of government regulation of business?

Explain the reasons for regulation.

Purchase this Solution

Solution Summary

This solution discusses the major types of government regulation and their purpose for businesses. APA references are included.

Solution Preview

The major types of government regulations are economic and social. Economic regulations protect the consumer by stabilizing pricing, forbidding price fixing or collusion, and protecting free trade. Social regulations protect the interest of the public in regards to health, safety, and the environment. The amount and type of regulation depends in large part upon the industry a business is in.
Economic regulations work to modify the normal workings of the free market. These regulations include regulation of prices and wages. For instance, the federal government regulates the price of milk. Other regulations include allocating public resources and setting service territories. The Federal Trade Commission allows local telephone companies to offer long-distance service as long as other service providers are also allowed to compete on long distance service. Anti-trust ...

Solution provided by:
  • BA, University of Southern California
  • MSS, United States Sports Academy
  • Ed.D, Boise State University
Recent Feedback
  • "Thk u"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
Purchase this Solution

Free BrainMass Quizzes

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking