Introduction
Occupational safety and health administration have a mandate of assuring the wellbeing of employees at the workplace. In this case, it is to ensure the organizations are well regulated to avoid any arising problems - the market filled with lots of incomplete data which require complete knowledge of all the goods before purchase. The government may come up with a notion that diminishes the effect which is unfavorable or raises the stakes of the available information. Health standards are to be upheld in the manufacture and sale of the product. The agency intervention on monopoly thwarts anticompetitive reactions in the market. Employment of citizens is essential and curbing monopolism by larger companies regulates price-fixing and misuse of the market through domination.
Neighborhood effect brings about externalities. Positive externalities create spill over to the third party while negative and further market failures are solved efficiently through negotiations. Public good such as street illumination, insect eradication, control of pollution and national defense present a zero-cost benefit. Since voluntarily, most people will not pay for what others would receive, lack of government intervention will produce significant promise. According to Joseph Tomain, agency regulation in stage three of the typical life cycle and stage five creates reforms that will bring order to the market. If no request returned, the period would go back to the first stage that lacks government intervention.
Regulation is a necessary ill. It covers the welfare of the public by achieving the same distribution of income and wealth. Government intervention has eliminated entry of competitors into the market. Regulation is primarily for public welfare. The federal Food and drug administration agency check on dangers ill-suited for the market. These dangers include food, drugs such as steroids. And medical devices. The police authority is on fostering public health, the welfare of all citizens, morals and public safety. The clean air act is focused on controlling air pollution to provide safe breathing air. The US Security and exchange committed to keeping the insurance company's solvent and ensuring stocks are validated. The affordable care act (Obamacare) constitute that a person ought to have health insurance. In case of lack of health cover, the individual subjected to paying a tax. Introduction of Certificates of Public Necessity in New Orleans is a privilege. The new rules on all taxi cars picking clients in the airport are essential for the passengers and the driver as it enhances convenience. Licensure covers the public from substandard good and products. The state forbids the use of the cell phone during driving to curb reckless and hazardous behavior. Thirty-nine states have banned text messaging for drivers, and ten countries have gone a step further and prohibited the use of handheld phones during driving.
The state prevented monopolism by the Louisiana state board of embalmers and funeral directors. They were bullying the Benedestine monks from selling coffins to Louisiana. The Fifth U.S Circuit Court of Appeals ruled the case in favor of the monks enabling them to continue with their work. The U.S supreme court invalidated the portions of VAWA on Brzonkala case because it did not have any impact on interstate commerce. In 1995 the supreme court issued a commerce clause ruling on United state versus Lopez case by speaking on state rights. Another commerce clause was in 1990 when the supreme court concluded that the federal government could not regulate the possession of guns in schools. The reasoning behind this is that a gun in school is not an economic activity, and if repeated in a different state will not have any impact on interstate commerce.
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OSHA Mandate: Ensuring Workplace Well-Being & Market Data Accuracy - Essay Sample. (2023, Feb 15). Retrieved from https://proessays.net/essays/osha-mandate-ensuring-workplace-well-being-market-data-accuracy-essay-sample
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