Making Regulation Essay

The first national regulatory efforts in the late 1800s were intended at punishment for, and the prevention of, abuses in the marketplace, antitrust violations, and price gouging. During the 20th century, government regulation became even more extensive, focusing not only on preventing certain kinds of practices, but also requiring that certain in service standards can and should be met. And the past 50 years, more than a dozen new regulatory agencies have been shaped at the national and state government levels, following the route of new regulatory statutes. Regulatory measures contact virtually every part of our lives.

This essay will detail the impact of EU liberalisation policy on the UK energy industry and relate this to a previous sample of a group of suppliers. This essay will discuss industry supplier concentration, oligopoly and monopolistic competition, the EU competition commission and potential single markets which are not yet subject to scrutiny by the competition commission.

Legislations and regulations are essential to have and follow in the working environment, it ensures safe practice for the workers and safety, protection and stability to people that are in their care.

Using the data and your knowledge of economics assess the arguments for and against the government intervening in the UK electricity industry.

* Be familiar with and guided by all relevant standards which further define how legislation is applied.

Many legal and ethical implications are faced when launching a new product or service. For example, packing, labeling regulations, disclosures, and standards. There are difference regulations set forth in different countries. There is a must that organizations understand the responsibilities regarding regulations are crucial to ensuring worldwide compliance and sustained economic

as a business entity you may ask them a question, work with them to try and impact the regulation on you new

At many times, regulations and enforcement agencies are subject to public scrutiny. In order to ensure accountability, provisions need to have an industry reporting mechanism (as per Lesson 2, week 2). This mechanism could be in the form of an annual report on regulation. Provisions need to also include how much does it cost to run the regulation, how will the regulation be enforced, and what is the appeal process for the regulated community (as per Lesson 2, week 2).

The impact of legislation and standards in business is very essential as it can lead the business to profit. All the legislations and the standard are made for our safety purpose. A company following the legislations and standard can achieve a good reputation in its business. Legislation and standard are made so that a good quality product can be attained.

Amid the previous couple of years, the case for such regulation has been spelled out in genuinely clear and general

Basically, a good regulation means to achieve intended goals, meeting all the compliance activities, meeting all the policies or deadlines to get achieve the best outcomes of a particular goals also emerging maximum positive impact and excluding the negative impacts. In order to achieve a good regulation design there are certain criteria that should be complied to get the best results. As discussed in class to achieve for good regulation, it must consist of key points like consistency, predictability, transparency, legislative law, also should consist of expertise so that under appropriate guidance regulations are developed, proportionality, accountability, effectiveness, efficiency, flexibility, subject to appeal.

Regulations are meant to protect the environmental and consumers. They take the form of permits, package, etc

China’s electricity sector has long been controlled by the state under its planned economy. Over the past decades, the government is working towards setting up an independent regulatory system and disintegrating the natural monopoly in

The Trading Standards Institute enforces consumer related legislation as determined by central government. The variety of this legislation is vast and is always evolving. In view of this changing environment, the Trading Standards Institute is dedicated to engaging with central government and other proposals, displayed in their responses to the various consultations that concern consumer protection issues and/or the Trading Standards profession. (TSI 2010)

Power plant need to fill a lot of legal obligation than normal company because it’s environmental and sensitive operation and its impact in the peoples life both it it’s near area and its impact area. Also government regulation of emission, electricity usage etc. along with pay, merger etc. will fall in the legal area.