Tobi Amoo
- Oct 22, 2018
Business Regulation: How Much Is Too Much?
The social contract theory rests on the fundamental premise that individuals submit their moral and political rights to the government in exchange for the protection of their welfare, security and interests. One of the ways in which the government fulfills this obligation is through business regulation. Although the theory on its own supports the existence of regulation, the reality of how regulations are, in fact, made and enforced, shows that the theory makes an improper as