Government Regulation Essay Example | Topics and Well Written Essays - 1750 words

Government Regulation - Essay Example For example, the constitution allows a person the freedom of speech or expression yet in the case of media houses and broadcasting stations the government comes in the regulate the news content permissible for them to air in their radio or TV stations, or to post in their websites (Rasmussen 47). Operation Regulation Regulations tend to develop at numerous levels of government as time passes by and commissions end up gaining greater power with respect to the operations of regulations. It is now so involving for government departments and agencies to take part in the design and final implementation of regulations. It is noteworthy that government agencies constituted by either the executive or the legislative branches are highly responsible for actual implementation of various regulations issued by the government department in charge. For instance, in the United States, the Food and Drug Association (FDA) and Environment Protection Agency (EPA) are responsible promoting laws that ensu re safe food and drug products are in the market while as well as laws that cut down on pollution effect in the country respectively (Rasmussen 47). Government agencies have become powerful institutions over the recent past owing to the delegate roles they extended by the government. For instance, the legislative arm of the government may formulate or enact laws and establish guiding principles and agencies leave to make follow-ups and final implementation. The operations of these agencies are highly influenced by their independence and as such, there are certain agencies that free from the control of the executive and other department of the government. The government department as well as agencies do not... Government Regulation The activities usually regulated by the government or such legal statutes of law include behaviours of people, actions of a person or groups of people, authority of office holders, and the rights upheld by the constitution to individual citizens. It the role of all branches of the government, i.e. the judiciary, the legislative and the executive to make and implement policies and rules that help in maintenance of law and order throughout the country. The deliberate attempt by governments to set up legal barriers to control and restrict certain activities by individuals and corporate entities in the society is government regulation. This is not a contemporary issue but began several centuries ago where community elders and leaders engaged in attempts that would advance their interests. Consequently, governments make use of regulations as a way of protecting and controlling important matters of the government and the civilians. Poor information is another reason for market failure. Market failure often arise when business enterprises fail to supply sufficient information to consumers and other parties such as creditors or workers to allow them make informed choices. For this reasons government regulations come in handy to correct this market failure. A clear example is the disclosure requirement by pharmaceutical companies as well as lending institutions, as they are required advice their clients on the possible side effects of the drug and interest rates respectively