2.5.2 Legislation Flashcards
What is consumer protection
Consumer protection laws protect customers so they are not exploited
They ensure that
- there products are safe
- products are of an approved standard quality
- consumers are treated fairly if they are unhappy
- product info is readily available
What is competition policy
They are put in place to protect the interest of consumers and businesses
- restricts anti competitive practises
What are some examples of what competition policy stop
- Cartel activity - businesses working together to manipulate the market and limit competition
- abuse the market power
- anti competitive practises
what are employee legislation
labor laws aim to prevent exploitation of workers, they legislate for issues such as pay, working conditions and grievance, also governs powers of trade
what are some examples of labor laws
individual labor laws - the working time regulations 1998 - national minimum wage act 1998 - equality act 2010 collective labor laws include - trade union act 2016 - employment relations act 2004
what are environment laws
this ensures that businesses pay the full cost of cleaning up or repairing any damage to the environment caused by there production process. it governs factors like - pollution - destruction of wildlife - traffic congestion - resource depletion
what are some specific environment legislation
- environmental protection act 1990
- environment protection 1995
what are health and safety legislation
healthy and safety legislation ensures that business have to provide a safe and healthy workplace and facilities that are similarly safe for customers this may include
- maintaining temperature
- providing adequate breaks for rests
- providing facilities for disabilities
- guaranteeing hygiene levels
what are the overall effects of legislation on business
- legal change can implement costs
- not implementing the correct changes can limit competitiveness
- it can create new opportunities and avenues for businesses to go down, encourage innovation
