Regulate
Are regulations created for no reason
no, they are to protect your business and its consumers
Should all businesses be protected
YES!!!
Has the government had a bigger influence on businesses
YES!!
What sorts of taxes do businesses pay
income taxes and employment taxes
What is Price Discrimination
Selling strategy that charges customers different prices for the same product or service based on what the seller thinks they can get the customer to agree to
Should all regulations be followed
YES!!!
why is it important for businesses to be protected
A business that is not protected can cause it to be really messy and unorganized
what is price/wage controls
a government measure usually undertaken to control inflation
How do regulation restrict some businesses
Some businesses may want to market a certain way but due some regulation they might not be able to do that
What is Disposable Income
Money left after taxes are paid
what does it mean to regulate
control or maintain something
why is it important to follow regulations
So you, your business, and consumers are protected
what is the purpose of the governments involvement in business
protecting the consumer or customer
what are the negative effects of government regulation of business.
slow innovation and failing to adapt to changes in society
What is Licensing
The process of issuing a permit allowing the an individual or a business to function in the marketplace
what are regulations purpose
to implement laws passed by Congress
why is licensing important
protect the public
how does the government pay the cost of regulating businesses
Taxes changes in prices charged by business affect the amount of income government receives
When prices goes up, wages and profit usually goes up
Government not only passes laws but makes new laws for business as the economy grows and makes sure those laws are enforced
Government closely monitors businesses because some businesses take advantage of smaller businesses because they think that because their business is larger and making more money and growing in a timely manner that the government wouldn't be so focused on them
The attitude of business owners also causes government to have hawk eye on some business owners, some of them like to make or use a deceptive business practice ( false advertising, sale of harmful products)
There are high demands from the people for the government to watch over these products that are sold because of the pollution of the environment and its safety.
Regulatory agencies
what are the positive effects of government regulation of business.
protect employees, consumers and the public from businesses
What is Private Sector
Part of the economy that is owned and controlled by individual
What are 2 main ways the government regulates businesses
taxes, health and safety, etc
why is wage/price control important
to boost employment, not to reduce inflation
why has the government role in business changed over time
growth and expansion, industrialization, changes in attitude, environmental concerns, and changes in technology
the original intentions of the government's involvement with business.
The government would issue trademarks to businesses in order to protect their product, copyright to artists, writers creations, and patent to investors.
What is Monetary Policy
Determines the amount of money that will be in circulation and the level of interest rates