Question

Do you believe self-regulatory practices are sufficient without governmental regulation to protect consumers? If not, what type of protection and for whom do you believe it is necessary? Explain

Answer 1

Self-regulatory practice is like serving Lion 50gms of meat after 10 days without any protection.It will go for a kill and Government intervention is highly required. Buying consumer goods,land and property, corporation and technology and locomotive.It is for working class, middle class , lower middle class.

Explanation:

• Self-regulatory is related to one human mind taking decision.
• In psychology it was always proven each human behavior.
• Is  to dominate the other human irrelevant of there kindness.
• Business run by single owner mostly dont pay suppliers, employees well.
• If government steps in policies could be balanced for all the people.
• Government works on decision by multiple people.It does not...
• Single mind taking a decision.Consumers are cheated most of the time.
• Regulators body  taking steps to curb the owners of business.
• Example Ray kroc shuck hands with real owners of MC donalds that....
• He would give royalty on a yearly basis but there was no paper work.
• Of Government just a handshake they never got Royalty.