Regulation and Its Positive Effects in Business and Society

Regulation and Its Positive Effects in Business and Society

Introduction

This is a position paper that intends to explore regulation and its positive effects in Business and Society. Further, this paper states the positive results that regulation enacted through our state and federal government has played in our lives. In addition to this, it covers a social regulation, such as OSHA and EEOC. Moreover, it also discusses economic regulation like economic variables, market conditions, services, prices, entry and exit. It explains internal and external stakeholders as well. However, this may develop a great understanding regarding various elements of business.

Discussion

Legal basis for making and running a business

Taking the issues related to access to and exercise of economic activity should first refer to the relevant provisions of the law defining the legal terms and making business. These regulations are public economic law, which deals with the issues related to the making, running and exiting a business, business (the principles of creation, registration, entries, types of entities, etc.) and the relationship of the state and its organs to business processes and entities business. In addition to public economic law, regulating only part of the social relations of economic activity, regulations should bring personal economic law that regulates the business relationship producers, intermediaries and consumers, and provides for the establishment, organization and operation of commercial companies.

By state law that defines the state economic system, its operation and protection of the system. The most important adjustment, from our point of view, should be in the law concerning the establishment of economic, organizational and legal forms of the conduct and possibilities of change in legal form of their business already, the scope and form of legal protection of economic mechanisms and economic rights, and the organization and legal form of interference in economic relations. An important issue related to doing business is the issue of a joint business with other people, including those from abroad. The discussion will focus on conducting business, which may be the subject of a potential use of the results of innovative research.

Social Regulation

Order in society a necessary condition for its normal functioning. It reflects the current level of social organization, stability, coordination of public relations. The level of social order depends on the state of public and personal safety.

However, peace does not arise by itself; it is a natural consequence of the regulation of social relations. Social regulation - a system of means aimed at regulating the behavior of people and their social communities to coordinate and stabilize social relations.

There are two main types of social control; individual and normative. Individual control; this ordering behavior is with single decisions on individual cases while Normative regulation is a regulation of behavior by general rules, i.e. standards, samples, models of behavior which apply to all similar cases. This is about the rules (social norms) achieved in one order of society.

One of the specific areas of social regulation is the legal regulation, which occurs together ...