Social Regulations Research Paper

In recent years, regulations have grown tighter in some areas and been relaxed in others. ... Designed in theory to protect consumers and certain companies (usually ... In 1913, the government established a new federal banking system, the ... Congress appropriates funds to the agencies and oversees theiroperations. In recent years, regulations have grown tighter in some areas and been relaxed in others. ... Designed in theory to protect consumers and certain companies (usually ... In 1913, the government established a new federal banking system, the ... Congress appropriates funds to the agencies and oversees theiroperations. In recent years, regulations have grown tighter in some areas and been relaxed in others. ... Designed in theory to protect consumers and certain companies (usually ... In 1913, the government established a new federal banking system, …show more content…
Economic regulation seeks, primarily, to control prices. Designed in theory to protect consumers and certain companies (usually small businesses) from more powerful companies, it often is justified on the grounds that fully competitive market conditions do not exist and therefore cannot provide such protections themselves. In many cases, however, economic regulations were developed to protect companies from what they described as destructive competition with each other. Social regulation, on the other hand, promotes objectives that are not economic -- such as safer workplaces or a cleaner environment. Social regulations seek to discourage or prohibit harmful corporate behavior or to encourage behavior deemed socially desirable. The government controls smokestack emissions from factories, for instance, and it provides tax breaks to companies that offer their employees health and retirement benefits that meet certain