Why is there a need for government regulation, and what limits need to be placed on these regulations? give your answer in the form of a short paragraph.

RMany sectors of the business world have long complained about government regulations and their restrictive nature. Often cited as an impediment to corporate and small business profits and a waste of precious time and effort, government statutory requirements have been denounced, side-stepped and violated by many a business since the early twentieth century when the corporate income tax and anti-trust laws were first enacted.

Since then, in an ever-increasing blizzard of regulations and a huge, complex tax code, American business has both prospered and suffered as a consequence of government action - collaborative and complementary and restrictive and adversarial. Concurrently, American consumers have been protected from exploitive business practices by those same government rules and regulations. We'll look at some of these regulations to see why the question of whether or not they help business has no easy answers. 

Read more: Government Regulations: Do They Help Businesses? https://www.investopedia.com/articles/economics/11/government-regulations.asp#ixzz55sihyDmo 
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