Pros and Cons of Government Safety Regulations - Essay Example
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Extract of sample Pros and Cons of Government Safety Regulations
Governments set strict rules for companies that run businesses involving the emission of toxic chemicals that may cause pollution or pose threats to humans and natural resources. An example is the regulations and standards set by EPA (2015) on carbon emissions. Regulations that limit the levels of wastes or emission serve to protect people from infections or depletion of other ecosystems. Second, safety regulations in business services limit the movement of goods in the market to prevent possible harm to consumers. Safety regulations serve to ensure uncertified products do not get to the market. In the health sector, safety regulations ensure only qualified practitioners provide services. Furthermore, safety regulations ensure that medications supplied to consumers are in the best conditions to attend to the condition. In essence, safety regulations serve the interest of consumers. Although they are essential, safety regulations also have varied challenges. Among the notable disadvantages is the interference with the optimization of goods. Safety regulations are disadvantageous because they cause high prices of goods. The supply of goods and services is highly likely to be subject to interference under safety regulations. There are possible cases of shortages of goods and services that are subject to government safety regulations. That, consequently, causes an increase in the price of goods and services.
An author of the essay "Pros and Cons of Government Safety Regulations" outlines that safety regulations set by governments are fundamental to limit the extent to which a business operates in a manner that violates various codes of conduct in the society…
Further, it discusses the financial viability of a new production plant and the hurdle rates at which the project can be accepted. The essay also discusses the financial pros and cons of going public and finally recommends the financing option the company should adopt based on sound financial principles.
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sses the financial pros and cons of going public and finally recommends the financing option the company should adopt based on sound financial principles.
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