Can laws and legislation often limit or obstruct business practitioners’ activities, or do they potentially support businesses? In addition, may you have any examples of recent laws or legislation that could have hampered business?
Laws are enacted to impose order and defend all consumers and businesses; therefore, they do not always restrict or obstruct the activities of those in business; however, they protect us all and the world we live in. Laws sometimes can seem difficult and for court cases, they are time-consuming in every level, but it is better half a loaf than never since out there, there is a dishonest businessman and companies who only care about their huge profits and nothing about the consumers therefore, having these laws helps us more (International, 2008).
The laws and regulations on the other hand maintain a serene environment that is protected from toxic companies waste such as the Environmental protection Agency. The law practically maintains the environment by overdoing companies that emit toxic waste in the environment, following up on ways that waste is being disposed and fining them if they pollute the environment, some of the consumers depend on the rivers for water and if it is polluted then they will not have ways to survive. However, companies that are non-complaint and care only about their huge profits have laid enormous chunks of complaints about these regulations citing that they are costly and are a complete compromise of their profits. If companies were to do the right thing without being followed then it would be a good venture but otherwise others are too greedy (International Business Publications, USA, 2008).
International Business Publications, USA. (2008). Japan company laws and regulations handbook. Washington, DC: International Business Publications USA..
International, B. P. U. (2008). Myanmar company laws and regulations handbook. Place of publication not identified: Intl Business Pubns Usa.