Monday, April 02, 2012

Rules vs Regulations Private vs Public

Athletic events have rules which differentiate are thletic events. If not for rules how would the participants know they were playing football or basketball. Rules are necessary they define what one may and may not do and what is considered a rules violation and punishable what what that punishment should be. Rules define what is fair. Without rules games and matches could not be played. The participants would not know what to do.
 
Businesses have the same problem. Rules or as they are known as regulations. Businesses need rules so they will know what they may and what may not do. Regulations define what is fair. 
 
Sports have their rules committees to define the rules. Businesses do not. Government, representatives of The People, sets the rules. Government defines what is fair.

No comments: