Provide a 5 pages analysis while answering the following question: Benefits of Regulations Outweigh Costs. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. The present research has identified that regulations are actions that impose sanctions and may include punitive measures set in the country’s laws such as fines in the case of not being adhered to. Economic regulation is practiced by most governments the world over in an effort to maintain a competitive advantage for their respective countries in certain areas as well as to protect their citizens (consumers) interests. In the UK, economic regulation is usually meant to help promote effectual competition in areas or sectors that this is practicable. It is also aimed at providing avenues for effective and healthy competition. However, the cardinal role that all of this revolves around is the protection of the consumer’s interests which are put first especially in areas that have no immediate need for the introduction of competition. With a view to promoting fairness and efficiency, there has been regulation which has seen the prices that can be charged by dominant companies being capped. This has been done while at the same time providing them with a return on their investments which means the regulators guarantee the consumers benefits while not putting businesses out of business. Economic regulatory reforms have emerged as a trend and this is expected to carry on as a consequence of the globalization of markets. As a result of the same, regulators have become increasingly forced to implement this as a result of the increased mobility of capital and labor. When the regulators choose to maintain the prices significantly higher than the costs of production, then firms also consequently think about relocating to relatively more hospitable economic destinations or try to locate new methods of bypassing the system.
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