Today, some politicians and economists are calling for a much reduced role of government competition in

the economy. they envision private businesses taking over some or most of the services provided by the

government to its citizens. these individuals believe that the profit motive will make provision of these

services by private, for-profit businesses far more efficient and thus less costly. what do you think? which,

if any, government services do you think would be provided more cheaply and efficiently by a for-profit

company? explain your answer using examples.

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.

answer; mission;