Government Intervention in a Free Enterprise System

Government Intervention in a Free Enterprise System

The issue of just how much government intervention is necessary for a free enterprise system is an ongoing battle between proponents of laissez-faire (“leave it alone”) and advocates who argue that continual and intense government monitoring is necessary to protect the consumer. Each year the government produces thousands of pages of new regulations spelling out in painstaking detail what businesses can and cannot do. Each year, some regulations are increased while other regulations are lessened, but more often than not conforming to new regulations increases the cost of doing business.

Regardless of your position on government regulation and intervention, if it were not for many instances of American corporations’ callous disregard for the public’s safety, many of these regulations would not be required. Evaluate the ability of the Government to regulate social and economic environments in which business operates with attention to the effectiveness of such regulation in improving the economy.

Instruction

The issue of just how much government intervention is necessary for a free enterprise system is an ongoing battle between proponents of laissez-faire (“leave it alone”) and advocates who argue that continual and intense government monitoring is necessary to protect the consumer. Each year, the government produces thousands of pages of new regulations spelling out in painstaking detail what businesses can and cannot do. Each year, some regulations are increased while other regulations are lessened, but more often than not conforming to new regulations increases the cost of doing business. Regardless of your position on government regulation and intervention, if it were not for many instances of American corporations’ callous disregard for the public’s safety, many of these regulations would not be required.

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Evaluate the ability of the Government to regulate social and economic environments in which business operates with attention to the effectiveness of such regulation in improving economic and social conditions as well as the costs of such regulation. Build a case for increasing regulatory authority or deregulating economic activity in both terms of the effect on social conditions and markets. Be careful to document all assertions in both the body of the memo and in the reference list.

Pay attention to formatting. ( up to two sources APA style 1-2 pages)

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