Discuss some of the ways in which the state regulates the economy and businesses. What is the purpose of these regulating policies?

What will be an ideal response?


Some regulatory policies are designed to prevent large businesses from forming monopolies that will drive smaller businesses away and stock market traders from using inside information to profit at others' expense. There are also laws that protect consumers against false advertising and that impose workplace and product safety standards. These regulating policies are to protect consumers and innocent third parties. They also give new businesses the opportunity to compete fairly with incumbent businesses.

Sociology

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To Muslims, Muhammad was not a divine being but Allah's messenger

Indicate whether the statement is true or false

Sociology

What concept refers to a person moving from one occupation to another that provides about the same level of rewards?

a. upward social mobility b. downward social mobility c. horizontal social mobility d. This is not social mobility at all.

Sociology

Which of the following social thinkers is closely associated with sociology's social-conflict approach?

a. Karl Marx b. Emile Durkheim c. William Ogburn d. Napoleon Chagnon

Sociology

Which of the following is true regarding Foucault’s theoretical orientation?

a. he is nonrationalistic b. he is collectivistic c. he is Individualistic/rationalistic d. he is Collectivistic/rationalistic

Sociology