Fox Business - 2007 Government Gas Mileage Rules to Spike Car Prices was released on:
USA: 16 April 2012
Allow them to raise prices
Allow them to raise prices = social critics: government is a tool of govern social. =
Fox Business - 2007 Gas Prices and Car Sales was released on: USA: 1 March 2012
The government regulation of business in Jamaica is vital especially for the ordinary citizen. Through such regulations, the consumer is protect against low quality products as well as hiked prices.
Much of the burden of government regulation has ultimately been borne by [business] consumers in the form of higher prices.
it is when the people who live somewhere were they have a market economy they are allowed to set prices and things within the market business, government doesn't have a say with what they do and their business`
The advantages of government involvement in business activities is that it helps regulate the prices of commodities as well as ensure only quality products are in the market. The disadvantages include interference with the business activities and levying high taxes among others.
Basically, under a fascist government, businesses are owned by the citizenry, but the government dictates all business practices e.g., hours, prices, wages, products or services, etc.
a. input prices 1. domestic resources prices 2. prices of imported resouces 3. market power b. productivity c. legal-institutional environment 1. business taxes and subsidies 2. government regulation
A free market is an economic system where the government is not involved and prices are set by private business owners. The main implication is the fact that consumers are not protected and are therefore abused through exorbitant prices.
it allowed the government to set prices over some private businesses (apex)
Government regulation occurs when the government prevents prices from adjusting naturally to supply and demand.