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It creates a barrier to entry preventing some people from practicing the profession, benefitting existing licensees by reducing competition.
This can harm consumers by raising prices and reducing innovation by new market entrants, and may slow overall economic growth.
Occupational licensing has the strongest public support for activities whose incompetent execution would be a health or safety threat to the public, such as practicing medicine.
Licensing of low-risk businesses like florists and hair braiding salons is more controversial because licensing is inherently a form of restraint of trade.For websites with high traffic and online sales, you can't go wrong with our VPS and Dedicated Server hosting.Check out our selection of apps for powerful tools that will help your business move forward. With the Namecheap Affiliate Program, you earn commission every time you refer someone to us.Licensure means a restricted practice or a restriction on the use of an occupational title, requiring a license.A license created under a "practice act" requires a license before performing a certain activity, such as driving a car on public roads. Namecheap, as a leading domain registrar, offers you a wide variety of domains. There's a perfect hosting solution for every website. → Your brand makes a bigger impact with an eye-catching domain name. → Namecheap offers hosting plans that are secure, reliable, and high-performing for just .88/month.In many cases, an individual must complete certain steps, such as training, acquiring an academic degree in a particular area of study, and/or passing an exam, before becoming eligible to receive their license.There are various resources available to assist professionals with the completion of these steps.In the United Kingdom, licensing as a form of professional regulation predominated in the centuries before 1900.It has largely given way to memberships of professional bodies.