Competition in certain market sectors (eg. such as airlines, taxis, postal services, utilities, etc.) should be tightly controlled by the government. Finding the right balance between free market and regulation has been a matter of political debate since the dawn of capitalism. However, in tough times such as economic crises, lawmakers tend to opt for the extremities: either taking total control or letting go entirely. In my opinion, moderate control over certain sectors is the path
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Regulation Plan for Alumina Inc. LAW531 21 March 2011 Mr. Majid Safaie Regulation Plan for Alumina Inc. Regulatory risk, by definition, is a risk to which private companies are subject, arising from the possibility of legislation or regulations that will affect business being adopted by a government [ (Unabridged, 2009) ]. To avoid this risk, Alumina Inc, must be proactive in their approach to legal analysis, marketing, public relations, and various other elements of business. Alumina,
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appointments in several Legal Departments after he retired from the district judge. (Government of Singapore 2008) and actually both its CEO Mr.See Hiang Chang and senior partner Mr. Benedict Cheong are from legal system. This organization is working on manage and control the casino business in Singapore, to reduce the negative influence to the minimum. The Casino Control Regulations (the "Regulations") are made by the Casino Regulatory Authority of Singapore, with the approval of
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Personnel Management controls this proposed regulation. I am pursuing my MBA with a concentration in accounting, but my second choice would have been HealthCare management so by choosing this regulation I will have a better understanding of the type of regulations currently in place or being proposed. At this time the regulation proposed does not have a direct impact on myself, nor the business I am in. I have attached a copy of the proposed regulation at then end of this assignment. The Office
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to another product in case of price increase. Hence, the firm or the producer should consider the cross price elasticity of demand of their product. Another factor to be considered while setting up prices of their product in the market is that of government policies in the economy. Fiscal policy would determine the taxes and other components of aggregate demand. If the firms have set higher taxes, then people would have less disposable income available with them and they would like to spend less on
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The study of government regulation and the competitive environment for business is relevant to all those who study business. All business candidates need to understand how the competitive environment will impact their employers and businesses. Task: Write an essay (suggested length of 2–3 pages) that describes the relationship between regulation and market structures and how regulation affects the market. A. Define industrial (i.e., economic) regulation. Industrial Regulation happens when
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Historically, almost completely the individual state governments have regulated the insurance industry. In 1869, the United States Supreme Court cemented state-based insurance regulation as the law of the land when it ruled in Paul v. Virginia that the issuance of a policy of insurance was not the transaction of commerce, and therefore beyond the scope of federal legislation. Back then, the state regulatory system has been described as cumbersome, redundant, confusing and costly. Approximately after
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levels of law. In the case of Cipollone v. Liggett Group, Inc. Liggett stated that the marketing and advertising was lawful under state law but the federal government has regulated the advertising of certain products such as tobacco and the federal law supersedes the state law regulating the same category (Melvin, 2011). The state and federal government makes laws to protect the public from potential harm which is why the federal law states that tobacco companies must disclose the harm of using their product
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Donnaleen Kama August 10th 2015 Reaction paper on Government Regulation of Insurance The insurance industry is regulated for several reasons: To maintain insurer solvency to compensate for inadequate consumer knowledge. To ensure reasonable rates; to make insurance available * The insurance industry is regulated primarily by the states. The McCarran-Ferguson Act states that continued regulation and taxation of the insurance industry by the states are in the public interest. *
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regulate the automotive industry. Because of these regulations in the market, GM, a producer of consumer and commercial automobiles with a market cap of $38,835.7 million, is in a better position than Navistar, a producer of commercial and military vehicles and a market cap of $1,613.2 million. Due to the rising concerns over the environment and the nature of the automotive industry, there is a risk run by both companies that changing government policies will increase costs and decrease profits in
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