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Re write this: The influence that corporations can have on government can have substantial societal implications. Often, businesses are criticized for placing profits above their
Re write this: The influence that corporations can have on government can have substantial societal implications. Often, businesses are criticized for placing profits above their obligations to society. Each regulation placed on a company essentially acts as a means of control. However, large corporations, especially those with significant financial means, can exert substantial power over the government. Many government regulations aim to safeguard the public, so if corporations oppose these regulations, their influence could potentially be detrimental to consumers. Monopolies are a key example. Government regulations strictly forbid monopolies due to their potential to harm consumers through increased prices and decreased competition. If a corporation were allowed to form a monopoly, it could likely lead to adverse effects for the final consumer
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