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government regulations, ethics and social responsibility

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Explain the impact of government regulations on business ethics and social responsibility in view of the recent financial crisis.

Have government regulations or a lack of regulations caused the present financial crisis? Why or why not?

Should we have more regulation in the financial community or should the government leave the private sector alone?

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This solution discusses government regulations, ethics and social responsibility.

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Government regulation forces businesses to be ethical to the point that it will satisfy the regulation. Even though this may not seem like genuine ethics, it does give businesses the opportunity to see how practices can go when they are ethical and the benefits they can reap from doing so. In terms of social responsibility, government regulations can also force businesses to be socially responsible but also to a certain point ...

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