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– Nelson Mandela

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Chapters 4 and 5 - Business and the Government

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Q Hello all, Based on our lecture discussion and reading of Chapters 4 and 5, please answer the following discussion question: To what degree do you think government should regulate business, and why? Respond given the pros and cons of regulation and deregulation, respectively. Feel free to discuss among your team but please respond individually.

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• It is quite evident that numerous sectors of business around the world have long criticized regarding government regulation. Also, corporations and representatives frequently denounce government rules as irrational impediments to job creation, profits, and economic efficiency. Nowadays, most of the business have both suffered and prospered because of the complicated tax code and the different number of rules. Therefore, the relationship between government and companies or organizations might be whether adversarial or even collaborative.