The government intervenes in business by breaking up monopolies, placing controls on banking activities and stock sales, creating and enforcing regulations, and establishing policies concerning the labor force, explains About.com. These interventions have developed over time in reaction to historical events and trends.Know More
More than 100 regulatory agencies exist in the U.S. federal government to ensure health and safety and protect consumers, according to About.com. These agencies are structured to operate independently so they won't be subject to undue political influences. There are many laws and regulations concerning the ways in which businesses interact with their employees, addressing issues such as hiring and firing, workplace health and safety, child labor, discrimination, and labor unions.
In 1890, the government passed the Sherman Antitrust Act to break up monopolies and encourage competition and free enterprise, notes About.com. In 1913, the government created a banking system called The Federal Reserve to regulate the nation's money supply and place controls on banking activities.
There is much disagreement about the role of government in the economy and whether intervention should be permissible, states The Law Dictionary. Some economists argue that government programs should be replaced by more efficient private companies. Others believe the government should exert more influence on the private sector in areas such as government-run health insurance.Learn more in Law
In science, controls are intended to reduce or eliminate false-positive results that arise from confirmation bias or the placebo effect. According to psychology expert Kendra Cherry for About.com, controls are especially useful in medical research as a way of insulating the people assessing the effectiveness of a treatment from those who analyze the results by randomizing the test subjects into groups and giving one group an ineffective treatment.Full Answer >
Financial controls are the policies and procedures put into place by a business or organization to track, manage and report its financial resources and transactions. Financial controls include, but are not limited to, income statements, cash flow statements, budget sheets, accounting systems and operating ratios.Full Answer >
The purpose of affirmative action is to correct past injustices by implementing policies that favor those previously discriminated against. The term was first coined after its inclusion in an executive order signed by United States President John F. Kennedy.Full Answer >
The FAA and TSA limit liquids in carry-on bags for airline passengers to 3.4 ounces of each liquid, with all liquid containers able to be stored in one quart-sized, clear, zip-top bag. The clear bag must be placed in the appropriate screening bin, separate from any carry-on luggage. Medications, baby formula, breast milk and baby food are permitted beyond the 3.4-ounce limit, within reasonable quantities.Full Answer >