Question

Can one of you geniuses write a short essay(400+ words) on the economic freedom and government regulation of business using 2 or more scholarly sources. Be very descriptive.

PLEASE USE WORD FORMAT. THIS ASSIGNMENT HAS TO BE SUBMITTED TO “turnitin” for plagiarism, so please DO NOT PLAGIARIZE!!! I TRULY APPRECIATE IT.

Answer 1

High quality of government regulation and high quality of economic freedom leads the economy to higher growth as well as growth in the living standards of the people.Economic growth provides a lot of opportunities to the people and a high standard of living for everyone in the economy.There is less corruption in the economy and also employment stability in the economy.Economic freedom brings growth of employment opportunities by improving entrepreneurial activity and also by bringing down the costs of businesses that already exist in the economy.Economic freedom is the path to more opportunities and high standard of living for each and everyone in the economy.Thus economic freedom brings success and prosperity.People living in an economy with high level of economic freedom gets higher income, there is less hardship and increase in life expectancy,there is security of food , life and property , reduction in unemployment rate etc.

The US government has set many regulations in business to protect the rights of employees and also to protect the environment.There is a lot of debate on whether business regulations help businesses or hinder the growth of businesses.Due to intense regulations and codes many businesses suffer and others prosper.This applies to consumers as well as some consumers are protected and some are harmed.However all businesses are subject to rules , regulations , statutes which protects the business and leads to a competitive business environment.Rules and regulations set by the government brings a protective environment in the workplace.American businesses have suffered as well as prospered due to regulation of the government. However the truth is that government is a friend of business that gives financial , advisory and other help to the business community and this in turn leads to the growth of the economy.