Business Laws Essay by supercalifragilistic

Business Laws
This paper discusses the role of government in business management as seen in the minimum wage and anti-trust laws.
# 98045 | 1,025 words | 4 sources | MLA | 2007 | US
Published on Sep 05, 2007 in Business (Law) , Business (Companies) , Law (Business)


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Description:

This paper states that artificially adjusting wages above market rates set by the supply and demand of labor increases unemployment because, when businesses cannot pass along the higher labor costs, they often eliminate workers though decreased production or by substituting them with more efficient technologies. The author points out that minimum wage laws are less effective at reducing social exclusion and are more damaging to businesses than other alternatives such as training programs and the earned income tax credit. The paper further relates that many of the new industries in our economy, such as the software industry, Internet-based businesses, communications services and equipment and biotechnology, many problems arise when applying anti-trust laws, , including network effects and low marginal costs and high fixed costs.

Table of Contents:
Minimum Wage Laws
Anti-trust - Microsoft

Sample of Sources Used:

  • Kibbe, M.B. The minimum wage: Washingtons perennial myth. Cato Policy Analysis No. 106. http://www.cato.org/pubs/pas/pa106.html
  • Minimum wage. Wikipedia. http://en.wikipedia.org/wiki/Minimum_wage#Costs
  • Spaulding. W.C. Predatory pricing - Microsoft's modus operandi. http://thismatter.com/Articles/Microsoft.htm
  • Stenborg, M. Do we need new competition policy in the "new economy"? http://www.etla.fi/files/921_FES_02_2_competition_policy.pdf

Cite this Essay:

APA Format

Business Laws (2007, September 05) Retrieved September 22, 2020, from https://www.academon.com/essay/business-laws-98045/

MLA Format

"Business Laws" 05 September 2007. Web. 22 September. 2020. <https://www.academon.com/essay/business-laws-98045/>

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