beneficial to a country’s economy condition thought economical of scale or unfavourable in case of inefficient economy by producing less products to increase price of products. It is essential for a government to protect the consumers by imposing regulations to the natural monopolies to control their market power and price for products and service. This is highly important when it comes to essential product and services industries which are operated by natural monopolies and where consumers…
Regulatory frameworks sometimes fail. It’s a fact. Life, its participants, and the society we create in a state is far too complex for laws and regulations to work or to be conducted as intended every time. But by no means does this permit the failure of regimes. Quite the opposite; for the acceptance of failure brings with it a realisation to implement laws and regulations with the utmost care, and to learn from past mistakes- and there has been huge ones. One such example is the leaky homes…
extent regulations, the new entrants and existed companies in the industry should be understood and followed. Through the tablet development, the new government regulations are changing and adjusting over time. It is important to enter the tablet industry. The government regulations and some conditions may be the barrier for the new entrants, but it protects customer rights, which the companies can healthily and profitable development. The company should follow and consider the regulations and…
In Jeffrey A. Miron’s Drug War Crimes: The Consequences of Prohibition, he discusses the current battle with the regulation and legalization of drugs in the United States and provides an analysis of the problems associated with prohibition. One important aspect of this book, which makes it an excellent, read and economic analysis of prohibition is that he plays both sides of the coin, providing arguments for both prohibitionists and people in favor of the legalization. However, his main point is…
(10) This act emphasises Ireland’s strict laws of control and regulation regarding cannabis and other various drugs. The act outlines the following set laws. Any individual found with cannabis or a controlled drug on their possession, may be found guilty of a criminal offence. Depending on the quantity of the drug…
infrastructure supplier Telstra, following competition regulator Australian Competition and Consumer Commission (ACCC) and government inquiries signalling reform. By ‘declaring’ Telstra’s infrastructure to enable competitors access, supporters of regulation contest this improves market and social outcomes. Key Concepts This article relates to the political and regulatory environment as ACCC regulatory powers under Part XIC of the Competition and Consumer Act 2010 (Cth) may threaten Telstra’s…
when there is trade there are government regulations in our physical reality, are there government regulations in our virtual reality? The regulations on the internet broadband, such as Netflix the government has regulated some, but not as much as other entities. Many may ask, what has the current government done with deregulating Net Neutrality? Is deregulating Net Neutrality a good thing for the consumer or the distributor? According to FCC.gov the Federal Communication Commission (FCC) is…
“Economic regulation is defined as a type of government regulation that sets prices or conditions on entry of firms into an industry. Economic regulation also includes the regulation of financial firms. Economic regulation is not the only type of government regulation, as the discussion of the environmental regulations”. (http://college.cengage.com/economics/taylor/econ/3e/micro/students/add_topics/ch12_econ_reg.html). For the time frame of 1865-1950 there have been several historical events…
Regulations and Laws on Tobacco Smoking Throughout Merchants of Doubt there are many subjects that are presented. The authors are very clear about how they feel about these topics. Many who read the book either strongly agree with what they believe or strongly disagree, and there are all those in between. One topic that is of interest to many is tobacco smoking and whether it really is harmful for your health. The authors are clear that they believe that smoking tobacco is dangerous and needs to…
necessary to enforce legal regulations to ordain the environment. Cambridge Dictionary defines a “necessary evil” as something unpleasant that must be accepted in order to achieve a particular result. Evidently, the major issue that is of concern is whether such relevant legalisation either enhances or hinders a business’ capability to achieve profit, in balance with, the rights and safety of consumers. More specifically, the consideration that relevant legal regulation such as Sydney’s Lockout…