This post addresses government regulation of businesses.
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What is the rationale for government to regulate the activities to businesses? How is our economic and social existence shaped by government regulations?
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Solution Summary
The solution provides a detailed discussion examining the rationale for government to regulate the activities to businesses, and how our economic and social existence is shaped by government regulations.
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Basically, this turns into a case of government-imposed regulations for the supposed benefit of the public, which really are for the benefit of the government. The government regulates business activities by imposing certain laws, regulations, and standards. Many of the regulations enforced affect all businesses, regardless of other circumstances, and then there are additional regulations and activities regulated on businesses by the government based on the actual type of business. For example, there are additional activities regulated by the government for liquor agencies, and other types of businesses, based on the actual industry that the business operates in, as their main operating ...
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