In both your personal and professional lives you realize


In both your personal and professional lives, you realize how much government at the federal, state, and local levels influences what you can and cannot do. For example, since your business employs more than 15 people, there are numerous federal statutes dictating the physical condition of the workplace, the amount you must pay your employees, the taxes you owe, and the paperwork you must file with regulatory agencies. At the state level, you know you have to obtain certain licenses to conduct business or to engage in recreational activities, such as fishing. Any your local government regulates how you can use the land you own.

In light of this multitude of regulatory activity, you ask yourself the following questions:

By what authority do government entities impose various regulations?

Is there any limit to the extent such regulations must impact our lives?

How can an individual or a business organization challenge the application of regulatory authorities?

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Business Economics: In both your personal and professional lives you realize
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