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Government Entity Rules And Regulation Essay

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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...

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