Pete inherited a thriving dry cleaning business from his father and mother. he continued the tradition of offering quality service to the customers he served. as the surrounding towns expanded, several people suggested that pete expand the business to offer service in new locations. he chose to maintain only one operation, so as not to lose control and to keep his work life and home life balanced. pete is a good example of a(n)

micropreneur

Explanation:

Micropreneur is a self-owned, self-employed person in a small business, registered as a small business owner, and engaging in one of over 400 service, trade or industry modalities. Pete can be considered a micropreneur, as well as working on site, he owns the small laundry he inherited from his parents and will possibly expand the business as the city grows larger.

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.