Research Paper_Week3

844 Words 4 Pages
July 27, 2014 The United States has several laws that are intended to further fair, balanced, and competitive business practices. Do you think that such laws are effective? If so, why? If not, why not? Be sure to provide evidence to support your position one way or the other.
There are several laws in the United States that are chosen to be fair, balances, and competitive for businesses. With the control measures, the laws has been effective to ensure businesses are ran fair. But when the legislation and/or regulations have a determining factor of not knowing if it’s going to be successful or note, we are unsure.
Amongst the fact that when laws are being
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In 1914, there were two laws passed that were designed to reinforce the Sherman Antitrust Act by clearly creating illegal restraint of trade. Also it stated “The act outlawed discrimination of price for certain buyers and advantage over other consumers and prohibited some types of mergers and other acts that would decrease opposition.
By this time, the Federal Trade Commission Act stated a compliance of preventing unfair anti-competitive business practices by deceptive or unfair means to consumers; enhancing consumers choice and becoming aware and understanding the competitive process and to accomplish this without overwhelming legitimate business activity. There are other laws and regulations enacted since them to protect workers as well as consumers. The law within an employee workplace to not discriminate in hiring based on age, sex, race or religion with child labor laws prohibited as well. These laws in every workplace are put in place to keep each and every employee protected.
Another act, The Dodd-Frank Act, the protection of US citizens by consolidating regulatory agencies which makes it easier to oversee the risks taken by bank which result in losses and to avoid American citizens

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