Chapter Thirteen: Regulations
So, if we understand the structures within various markets, we can know precisely how they will operate, right? Unfortunately, we cannot know this because there are many types to which specific regulations and laws will apply to the operation, or even the creation of.
Regulations tend to be government laws that control businesses and consumers, and most are imposed as a means of preventing any general harm to the public or the market. For example, the most common forms for regulations will always include:
- Industry regulations: these will prevent businesses from abusing any market controls that they might have or from gaining an unfair advantage; and
- Social regulations – these are meant to protect consumers and the environment from unsafe products, pollution, and more.
For private label rights, there are still no real regulations from a social standpoint or a business standpoint. All in all, the only regulations found now are those enforced by the author of the material.
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