Because no government system is perfect, a. legal and regulatory systems are con

Question

Because no government system is perfect,
   a. legal and regulatory systems are constantly evolving and changing in response to social institutions, including business.
   b. the costs of business regulation have decreased.
   c. companies do not have to worry about meeting every law and regulation, since they are likely to change.
   d. self-regulatory mechanisms have created less of a need for government oversight.
   e. the 'invisible hand of competition' has replaced many business and economic regulations.

Explanation / Answer

a. legal and regulatory systems are constantly evolving and changing in response to social institutions, including business.

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