Regulations!

From that definition of regulations in the text book,  I found self regulation to be just as, if not more than important as governmental regulations. Self regulations through industry is extremely important. It limits what is happening in the market and how much standards need to be met. For example, the Food and Drug Administration is very important. It is in charge of enforcing regulations against selling and distributing adulterated, misbranded, or hazardous food and drug products. The Federal Trade Commission which is in charge of seeking out and challenging anti-competitive conduct in the market place, including monopolization and agreements between competitors, promoting competition in industries where consumer impact is high, such as health care and real estate. Also, the Consumer Product Safety Commission; is in charge of protecting the health and safety of consumers in and around their homes. Without these regulations the market would be open for what ever. Regulations are made to keep us the consumers safe and I feel as though they are important to have. I'm glad we have regulations.

How do you as a consumer feel about regulations?