When does government regulation work in the best interest of society? In what areas do you believe there is an excessive and unnecessary government regulation?

When there is a market failure, external shock is there, conflict is going on among people than at that time government regulation works in the best interest of society. A better regulatory system of government enables everyone in the society and economy to enjoy a healthful environment, secured workplaces and invention of more igneous commodities. It helps the economy to perform well and provides higher opportunities and well-being for everyone in the society.

In different type of industries, economic activities, trade activities, state activities there is excessive and unnecessary government regulation.