Regulations can lead to sustainable economic growth space
Regulations must be balanced. They protect consumers, workers, and the environment but must also let businesses operate well. Too many rules can hurt businesses, especially smaller ones, which may lack the resources to follow complex rules. However, weak rules have downsides. They can lead to worker exploitation, environmental damage, and lower consumer confidence. For fair trade to work, all businesses need to be able to compete on an even playing field. This suggests that rules and laws must be fair and equal. All companies must pay the same taxes and follow the same rules. It's also important to consider how trade policies and agreements affect businesses. Their design should support fair and equal commerce.