What are the arguments for and against government regulation of businesses and industry in a capitalist system? Use evidence to construct a paragraph explaining which side of the argument you favor.

Question

Social Studies

Delilah Hamilton

27 January, 22:45

What are the arguments for and against government regulation of businesses and industry in a capitalist system? Use evidence to construct a paragraph explaining which side of the argument you favor.

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Melina Moody · Answer 1

Government regulation in business will restrict individuals in achieving maximum efficiency for the market and give unfair advantage to a select few during the competition.

For exmaple, in Venezuela, the government restrict which goods could be imported from foreign nations. Because of this, there is less opportunity to obtain different materials and reducing potential business&investment in that nation, which lead to their economic downfall.