Essays /

Government Entity Rules And Regulation Essay

Essay preview

Government Entity Rules and Regulation
A. Economic Regulations
Business often adjusts their operations and their prices in an attempt to increase profits. The Philippines is one of the countries involved in the Free Enterprise System. In a free enterprise system businesses are free to produce the goods and services people need and want. But with the free enterprise what a business can and cannot do.

One of the key factors affecting profit is competition. If a business has competitions (other companies producing and selling similar goods or services) it cannot change prices that are much higher than those of its competitors without...

Read more


1 2 3 4 5 abl accord address adjust advertis affect agenc allow alon among anoth antitrust area attempt b back back-up benefit busi c cannot certain chang claim collect compani competit competitor complianc concern condit consum control countri credit custom demand determin develop disclos doctor drug econom effect employ employe enact ensur enterpris entiti environ environment equal essenti establish everi exampl expens extens factor fair follow free freeli frequent general good govern grade health help higher hire hour howev import includ incom increas inform inspect involv join key labor larg law left less limit lose made main maintain manufactur medicin merg minimum mislead much must need new non nowaday number nutrit often one oper opportun order patient peopl philippin place prescrib prevent price principl privaci produc product profit promot protect provid public regul remain requir result rule safe safeti sanitari scale sell sensit servic similar size social sold sss standard suppli surviv system take test time togeth transact truth undergo usual wage want way well without work would