Question

Are certain industries subject to more regulatory oversight and risk than others? If not, why not? If so, what industries or businesses come to mind?

Answer 1

Explanation:

• Yes, in business certain industries need to be regulated because of their risk to society and environment. Business owner does not think about society or people or environment when it comes to earn profit from their business activities. Example: Nuclear industry needs to be regulated otherwise owner of such business will not take enough step to protect the interest of people and environment and will eventually harm both.

Industry like textile can harm the nearby atmosphere and lake and pond by releasing harmful chemical into water and we have seen many cases that companies polluting nearby water resources and that has brought legal action against them. In world there are many industries that release harmful chemicals and gases that is impacting our atmosphere and because of that global warming is happening so yes we need to regulate those industries.

•   When this regulation comes in mind, nuclear industry is the first at place, then after textiles industry, pesticide products, Asbestos industry, oil refineries, x-ray machines, e-waste industry.