Cyberlaw M5

Post 1:

The state of New York has proposed legislative laws and some of them have had an impact on the economy of the state(Senning, 2017). The state is majorly ruled by, and they are responsible for almost everything that is done concerning the city of New York. It is of paramount importance to have the key and outstanding legislative bills and laws that can help in bringing positive changes in the society and economy at large. One of the legal bills passed in New York and primarily influenced commerce is the law that small businesses were supposed to be identified and reviewed periodically for purposes of fining them where possible if they were not complying with the stipulated state laws. This legislative action led to many small and medium business owners resolving to close down some of their enterprises since the fines were very high. Thegovernment and other stakeholders in New York ought to make it possible and comfortable for all people to open businesses and operate them efficiently.This, therefore, means that the state government ought to do away with any threats and issues that interfere with these small and medium enterprises that play a crucial role in the economy (Senning, 2017). By passing the bill and becoming a law, the economy was negatively affected since many of the small businesses were very cautious about their operation. Others were caught on the wrong side and resolved to close down their business. This led to a deficit emerging in the market since the demand was more than the supply, and this made the prices of products to shoot, leading to tough economic times.

Post 2:

Government policies have a vital role in the start-up of any business. The government helps to start a business by giving a sum of money called a grant. The government laws encourage business by giving financial help and advice from the experts. The government provides the contract work to the private firms by this the government giving the chance to perform the government responsibilities. The government grant loans for the business and encourage entrepreneurship. The Government encourages the economy by changing the way of working in the business. Change in the style of work done by passing different rules and regulations.

The government of the nation permits to operate the firm. Then different rules and regulations are applied to it. The government rules guide the business on how to work safely and appropriately. The rules of the government are based on the political values of the nation. The policies provide by the government helps to take business-friendly decisions. But some of the decisions taken by the government are not good for business like an increase in the tax. The increase in tax will discourage investors to invest in the business. The higher interest rates will lead to higher customer spending and fewer investors attract towards the business.

In present marketing field many of the business are preferring foreign investments whereas this is enormously shrinking the rules of commerce, hence the market places like Flipkart, Amazon, Shopclues, etc., are banded by the government this action has influenced the product price. In an article, it was clearly explained that the development of technologies in also laying a pathway to develop communication between the businesses and end users by this it is even understood and observed that each and every individual is a part of electronic commerce. But whereas apart from this due to the increase of cybercrimes and foreign direct investment in online has issued by the commerce as well as the industry even though they offered equal services to the vendors lacking any judgment. As per the government, the commerce department is offering continuous profitability to businesses providers in reaching their goal. Many of the foreign direct investments are refused the online marketing place by influencing the cost of productivity by offering discounts. In another article, it is clearly explained about that impact and implementation of commerce in government that, the information technology is creating a new era of developments to the knowledge of internet government. The individuals are been progressed by the governmental information and transparency that not buy products as well as services in any of the online marking because there are many fraud sites are created to corrupt the sensitive information of the customers. E-commerce technologies are building long-lasting dealing with customers by providing a huge amount of benefits. As we already know that trust is a difficult thought whereas this will be developed due to customer satisfaction. Hence by comparing the discussion in the two articles, it is clearly understood that government is playing a vital role in improving the infrastructure by providing educational programs along with constructing awareness among media and educational systems, it is effectively developing the commerce. (Neely, P. R. (2014).