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Our economic and social existence is shaped by government regulations. Think of a specific example where...

Our economic and social existence is shaped by government regulations. Think of a specific example where government regulation helped shape the operations of a business. Was government regulation needed in your opinion? Explain your answer.

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Answer #1

One important regulation which governments of major counties brought to the industries is elimination of cartel formation, maintaining competetive market.

Yes it is really helpful in maintain the demand and supply under control and also bring the price stability which inturn help in maintaining inflation under control. Government regulations were really needed in these cases, other wise industries utilize these loop holes to make more money out of it.

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