The Pros And Cons Of Business Laws

The world of business is full of men and women offering products and services to both the companies they work for and the individual consumers. Every aspect of this fast moving world is both aided and held accountable by the laws that govern it. Laws not only protect the consumers and employees from being wronged, but can also protect companies from being wronged by competitors, employees, and customers. Practically every area of business is somehow impacted by laws and regulations. These laws impact how a business hires people all the way to how they must discard their waste products. These laws are not designed to simply restrict business, but instead to protect society, customers, business, and even the environment.
Just about every part …show more content…
Sometimes business laws can create numerous processes for business that can seem unreasonable and not always the most efficient way of doing things. Waiting on a certain patent or approval can put a serious roadblock in production time and profit. However, there are usually reason that these laws exist whether because of a past issue or to prevent certain negative situations. Some laws simply become outdated over time and it is the duty of legislature to update these laws, but that process can also take far more time than desired. Sometimes regulations simply seem to limit the freedom of ideas and goals of a company, but the purpose of laws that get in the way are usually there to protect consumers or other companies, for example trademarks and patents. In the case of laws and regulations the drawbacks seem to be greatly outweighed by the benefits. The drawbacks are primarily an inconvenience while the drawbacks of not having these laws could potentially be …show more content…
This is because human nature quickly learns that without consequences a sinful can seem far more profitable than an honest one. Although laws about murder may not be as serious as a laws about embezzlement, the same idea applies here. Without businesses having a standard that they must adhere to, it would be far easier and more profitable to live a life of corruption. Sure it 's easy to believe that many people have too good of a conscious to commit harmful acts, but if these acts still occur while there are tremendous consequences on the table then it would only make sense that those acts would increase in frequency with no consequences. Without enforced laws the people that are truly punished are those that abide by their own code of ethics. If a company had to spend fifty cents per a product or could only spend five cents for that same quality product which would they pick? That 's easy, it would be the five cent product. But what if that five cent product was produced by people forced into slavery? At least a portion of people would rather have the major increase in profits if they were never held liable for the choice than continue to stand by a set of ethics that most humans share. This displays the importance of why laws are present. Its purpose is to diminish the desire to make unethical choices by holding someone to a standard and invoking serious consequences when those standards are