When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Businesses face because they must alter existing infrastructure to meet regulations. As a result, consumers pay for produced goods.

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mittelstedtee99 mittelstedtee99

11-05-2017
Business

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When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Businesses face because they must alter existing infrastructure to meet regulations. As a result, consumers pay for produced goods.

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Hagrid Hagrid · Answer 1 · 2017-05-23T07:19:54+02:00

When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Businesses face (HIGHER COST) because they must alter existing infrastructure to meet regulations. As a result, consumers pay (MORE) for produced goods.

This is a result of spending extra capital on the investment that business people make to ensure that they are following regulations. As a result, they need to increase the amount of the products that they are selling in order for them to have a Return of Investment (ROI).

marvineetesh3 marvineetesh3 · Answer 2 · 2022-02-07T13:59:32+01:00

The given case is a result of spending excess capital on the investment that business groups make to control that they are following regulations. As a result, they need to increase the magnitude of the products that they are selling in order for them to have a Return of Investment (ROI).

What is the impact of government regulations on business?

As the government introduces regulations by addressing the safety of the worker and the environment it affects business because to follow the new regulation of the government,

Businessman needs to remove its old infrastructure and make a new infrastructure in such a way that they can increase the return on investments.

What is the impact of government regulations on the consumers?

As the businessmen wants to maintain a new infrastructure, It would result to increase the cost for businessmen, and they increase the pieces of a product hence, consumer have to pay more for that goods.

Therefore, government regulations impact on both the businessmen and customers also.

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