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support ideas with examples cite arguments for and against increased federal regulatory power of private business using specific examples to support your answer


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diveshbalamurugan200

Throughout the world, governments engage in social and economic regulation of their citizens’ lives. Economic regulation, in particular, has come into focus during the past decade, mainly because such regulation has been associated with falling productivity rates in many industrialized countries. But social regulation by government also is being discussed when drug abuse legislation

The ideas regarding arguments for increased federal regulatory power of private business include the following:

  • It's necessary in order to prevent monopoly.
  • It's required in order for the public to be protected.
  • It's required in order to generate revenue from tax.

The ideas regarding arguments against increased federal regulatory power of private business include the following:

  • It can hurt the competitiveness of the firms.
  • There are plenty of controls necessary which will have to be put in place.
  • There are administrative costs which the government will have to bear.

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