Industrial/Economic Regulations
According to the Organization for Economic Cooperation and Development (OECD) defines economic regulations (industrial regulations) as "intervening directly in market decisions such as pricing, competition, market entry, or exit ("Economic regulations," 2002). The main reason for economic regulation is because it is permits the straightforward businessman to succeed in the economy and decrease business relations within the economy from being broken by the illegal activity that takes place (Black, 2010). However, within the economy the market has four different structures that industries are classified under that the government uses to help control the advantages and limitations of supply and demand. The goal of the four structures is to look at how it "affects the outcomes in the market with impacts on the motivations, opportunities, and decisions of economic buyers and sellers through their behaviors within market competition" states Fischer (n.d.). The OECD defines social regulations as an impact on the market as well because it too helps to protect buyers and consumers by ensuring that the guidelines and policies of a business follow in order to supply flexible and easy products that are just as effective at a lower cost (2002). Monopolies
The four structures are perfect competition, duopoly, oligopoly, and monopolies. Monopolistic competition takes place when a business is the price taker over the other competitors that offer the same goods and services because it usually has some kind of advantage in that region such as where the company is located, family owned and always been around which customers have a personal relationship with the company or the location a convenience ("The four market," n.d.). There are oligopolies have a small amount of suppliers...
Economic Challenges Canada Faces In recent years, the challenging economic condition in Canada has emerged as a concern for citizens, policy makers and the government alike. Canada faces challenges in terms of creating a more innovative society, as the country continues to experience a significant productivity gap compared to other advanced industrial economies. The Canadian industry appears to be slower in successfully developing, applying and marketing innovative products, processes and services
Industrial Relations Employment Relationship Industrial Relations and HRM Globalization and Industrial Relations Industrial Relations in United States of America Current Response to Globalization The paper critically examines the effects of global trade expansion on national industrial relations and how USA has responded to the changing business environment to meet its economic targets. In order to understand the impact on the national industrial relations from the rise in global trade we need to study the historical factors and
" (Spangler, 2003) In this sort of positioning, "the gains and losses will all add up to less than zero," or the original position. For example, in the case of General Motors, the entire company had to be steeply cut, in all of its departments, and in the case of the New York Transit workers, there had to be budget cuts across the board in the New York City government.
The government made several key policy changes to provide selected firms a strong start. Two crucial policies during this period are the import-substitution industrialization (ISI) and export promotion (EP). ISI allowed government selected firms in government target industries to borrow foreign currency, and borrow domestic funds at rates beneficial to those firms. This was the beginning of importing advanced technologies only to improve, adapt, and reproduce them for export.
Regulation and Market Structures Industrial or economic regulation can be defined as an act of government or a governmental body to regulate an industry in its entirety. Commonly the most regulates sectors include, the airline industry, banking sector, rail and road, and television broadcasting. The main aim of taking such regulatory measures is for the agency to take closer look (to monitor) on the industries' price and products to ensure
The deal was immediately criticized as anti-competitive by William Kennard, the chairman of the Federal Communications Commission, and by the Communications Workers of America, which represents some workers at both of the merged companies. But neither government regulators nor union bureaucrats will have the slightest impact on the latest merger. They have neither the power nor the desire to oppose the plans of the giant telecommunications monopolies. More substantial opposition
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