Regulatory Policy – Flashcards

In a mixed market economy , the government regulates business only when necessary . - A mixed market economy allows producers and consumers to make economic choices - The government regulates those choices

To fulfill legal and financial regulations , business must: - report their revenue and earnings to the government - disclose information about assets they sell

Financials regulations to make businesses competitive but fair . - Limiting and preventing monopolies -Placing regulations on prices - Protecting innovation by issuing patents , trademarks , and copyrights

Protecting consumers - Product safety laws and advertising laws Protecting the environment - pollution laws , and business activity laws Protecting workers - safety laws, equal opportunity laws and wage laws

A regulatory agency enforces government regulations in a specific area of the economy. - Is part of the executive branch - Is staffed with experts in the area it regulates - Decided how regulatory laws will be enforced

The SEC is an independent agency that regulates finance - Oversees brokers , dealers , and advisers , as well as mutual funds and exchanges - Can bring a civil suits against individuals or businesses breaking securities laws

The occupational safety and health administration enforces workplace safety regulations - Overseen by the department of Labor - Investigates complaints , inspects workplaces and imposes fines and penalties

The EPA is an independent agency that : - Legislates and enforces regulations that protect the environment - has significantly reduced the amount of environmental pollution

- regulates our country's communications infrastructure - ensures that new communication technology is compatible with existing technology - signs frequencies to television , radio, cable , and satellite providers