What role do regulations play within the marketplace? Please provide examples of how regulations can help to protect a firm's stakeholders.
Regulations seek to administer actions and products for safety, fairness, and to maintain competitiveness in an industry. A good regulation makes workplaces safer and the product better for consumers and profitable for businesses. Regulations in the airline industry would control issues of maintenance, ticket pricing, flights, and available information for the public. In ...
A discussion on the role of regulations in the marketplace. Examples are provided.