Question

What do you see as the pros and cons of government safety regulations?

Answer 1

Answer:-

The government safety regulations are very essential especially for the protection of the consumers. The government regulates the safety of food products, manufacturing activities and the safety in all areas affecting the citizens. These are regulations on environmental protection laws and the welfare of the society such as regulations on disposal of waste production in mitigation of pollution.

Explanation:-

There are more benefits or pros of government regulation of safety than cons. The first and fundamental as mentioned above is to protect the consumers. This can be through the regulation of prices of goods and the general safety of the products through standards. It also results in fair competition and good business relations.

However, the cons include high complexity and increased compliance for businesses. It also may result in a situation where the businesses incur higher costs. Another one can be the competitiveness of some businesses especially larger ones may overpower the small businesses.