Business Law Essay 1

Submitted By lbrown2015
Words: 868
Pages: 4

Business Law
L. Bown
University
BUSN 115
15 March 2014

Business Law It is the responsibility of every state to device strategies to establish efficiency in the economic environment. These strategies are supposed to create a fair and balance competitive economic environment. This is established through the establishment of laws. Laws that protect both the consumers and the traders in fair and balanced economic environments and opportunities. These laws are even more complex for states that hold a great position in the global economic environment such as the United States. The laws must be ones that are protective of the economic environment from both aspects; local and international activities. These laws are what have sustained the economic environment and success of the United States. To date, these laws have been very effective in this and they are a vital aspect of the business environment. The United States has enacted antitrust and anti competition laws to govern the interactions of consumers and traders in the business environment. They ensure that consumers are in an environment where they pay the lowest possible price for the highest possible quality of products. These laws have also been adopted at a global scale enabling for any arty to participate in the business market. Taking for instance the antitrust laws include the principles of business conduct. This includes for instance the fact that every executive United States agency must have an advocacy. This is for fraud investigations and ensuring compliance to state laws and regulations (McChesney, 2011). Through the application of these laws, the United States has created an environment where businesses can operate freely while at the same time be in check with governmental regulations. Businesses are able to set their products prices in accordance to their standards. They can further go ahead and advertize their products in the market. At the same time, the laws enable the government to be able to keep on track with business in the market. To be able to instill the necessary regulations and infrastructure to ensure the freedom of the businesses do not infringe on the rights of the consumers. Looking at the United States department of labor history, the bill contained landmarks of regulating fair trade codes to ensure on fair competition and higher wages. To date, this is the baseline for the various market price regulatory practices of the United States government. Taking for instance, the fall in the stock market prices earlier this year. This was as a result of the United States government in fluxing a lot of money in its financial system as a state to reduce the price of commodities in the market (Whish, 2009). On the downside, this act has had a great impact on the global stock market threatening to destroy the emerging markets as the developed markets get stronger. This action was as a result of the United States taking responsibility in ensuring that its internal market stays stronger than the external market. This is in response to ensuring that its consumers and producers are protected in a fairly competitive environment as compared to the global market. It is the result of effective competition laws that the united state is currently a developed state; in consideration of the current economic theories. These laws have been helpful in controlling the rates of inflation in the country. This not only controls products prices in the country but also the general products prices in the market. Through this, the government can be able to control the interplay of demand and supply in the country. The state can deregulate…