Regulatory Policy – Flashcards

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The Reason For Regulation
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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
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Financial Oversight and Operations
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To fulfill legal and financial regulations , business must: - report their revenue and earnings to the government - disclose information about assets they sell
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Financial Oversight and Competition
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Financials regulations to make businesses competitive but fair . - Limiting and preventing monopolies -Placing regulations on prices - Protecting innovation by issuing patents , trademarks , and copyrights
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Public Safety
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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
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regulation enforcement
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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
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Securities and Exchange commission
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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
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Occupational safety and health administration
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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
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The environmental Protection Agency
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The EPA is an independent agency that : - Legislates and enforces regulations that protect the environment - has significantly reduced the amount of environmental pollution
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The federal communication commission
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- 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
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