Does Everyone in America Own a Car? I t is true that 95 percent of American households own a car, and most Americans get to work by car (85 percent). It wasnât always this way, nor is it likely to stay this way.
Government regulates business for several reasons. First is public safety and welfare. Many industries are regularly reviewed and overseen because their activities, if they â¦ go awry, can have significantly harmful effects to human health, financial well-being, or community structure.
Onjective of Industrial regulation to protect the public from the market power of natural monopolies by regulating prices and quality of service. Critics of industrial regulation contend that it can lead to inefficiency and rising costs and that in many instances it constitutes a legal cartel for the regulated firms. Advertisement