Laws and regulations promote competition in a capitalist market
Explanation:
Laws and regulation are part of the free trade economy in a world where the sovereign states have the administrative power over a territory
These governments decide what sort of sanctions they want in place for what sort of products and this is what in the end decides how the businesses will function in the country.
This is why the businesses tend to compete over influence for the market and then to become more creative over the laws and regulations and take advantage of them.
