​What is meant by 'Government Regulatory Practices'?

​What do you think?

​What is meant by 'regulatory'?

​What word does it come from?

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​What are some regulatory practices the government has for businesses?

​What do these refer to?

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Give some examples:​

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​Is this important?

​Government Regulatory practices

​Refers to the way the government C..................................................... businesses using certain R.............................................................. These rules are l............................. They are made in the P.......................................... and therefore make up

​l..............................................................

​Another example of regulatory practice

​Monetary and fiscal policies

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​What does that mean?

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​These are the policies government have with respect to T.............................

​and S........................................

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How does this affect business? Can you guess?

​Think!

​The more government tax, what does that affect?

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​The less government tax, what does that affect?

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​What happens to another country's goods when the government tax more? Or increases taxes on that country's goods coming into the that country (imported)? What happens to the businesses?

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​What happens to our goods when imported goods are taxed?

Consumer protection policies and agencies

​This is another way government use laws to control businesses

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​What do they protect here?

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​Who are consumers? G.......................... B................................ I..................................

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​Why is it important?

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​Do you know some ways in which government use laws to proct the consumer rights?

​Consumer protection agencies

​1. Provide L.......................................... or I...................................... to make the consumer aware of their rights

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​2. Have offices so the consumers can ask Q.............................. or get A.............................

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​3. Send out Consumer related A.............................................

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​4. Petition the G.................................... to put in l.................. that protect the R................................... of consumers

​Government encourages self-regulation

​1. Professional bodies help to make rules for members

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​2. Trades men have to be licensed

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​3. Food handles must have food badge and undergo training in handling food.

​Government Environmental policies

​Another way government regulates business activity

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​Do you know the name of the body that regulates the Environment in Trinidad and Tobago?

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​Do you know some of these policies?

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​They make the public aware of Environmental policies

​They lobby for laws for the Government to protect the environment