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Need help with my writing homework on Pros and Cons of Government Safety Regulations. Write a 250 word paper answering;
Need help with my writing homework on Pros and Cons of Government Safety Regulations. Write a 250 word paper answering; Pros and Cons of Government Safety Regulations
Government regulations have existed in societies since individuals started embracing the rule of law. Governments apply safety regulations to control operations of diverse undertakings within the state’s jurisdiction. Government safety regulations, although beneficial, have disadvantages attributed to them.
Pros
First, safety regulations set by governments are fundamental to limit the extent to which a business operates in a manner that violate various codes of conduct in the society (Alden, 2012). For instance, 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 serve to 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.
Cons
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.
References
Alden, E. (2012, August 22). The Costs (and Benefits) of Government Regulations on Business. Council on Foreign Relations. Retrieved June 18, 2015 from http://blogs.cfr.org/renewing-america/2012/08/22/the-costs-and-benefits-of-government-regulations-on-business/
U.S. Environmental Protection Agency (EPA). (2015). Regulations & Standards. Retrieved June 18, 2015 from http://www.epa.gov/oms/climate/regulations.htm
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