Question

please help

what are arguments for and against government regulation of businesses and industries in a capitalist system

Answer 1

Pros:

Government regulations help avert market failures and improve unfairness within the system.

Cons:

Government regulations place limits on the freedom within which one operates.

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Answer 2

The correct answer to this open question is the following.

The following are arguments for and against government regulation of businesses and industries in a capitalist system.

Pro-government regulation:

-Intervention to limit the creation of monopolies.

-To maintain the benefits of the citizens in certain key industries, like the health industry.

Against government regulation:

-By origin, the Capitalist system is against government regulation. In Capitalism, people can get wealthier if their perseverance and work habits allowed them to get rich.

-It is the free market that controls prices, demand, and supply in a Capitalist economy.

-Government regulation could hinder or impede the creation of the companies.