Regulation in an economic system is the rules and the enforcement of rules that limit the economic actions of an organization. Governments are responsible for developing regulations, and government regulation is present to varying degrees in all economies. Regulations impact the economy by establishing fair pricing rules.

Economic regulations are regulations that place restrictions on what businesses and employees of businesses are allowed to do with regard to monetary and economic gain. Social regulations are rules that limit the actions of organizations in order to protect the public interest such as public health, public safety, or environmental impact. The advent of governmental regulations is based on the tragedy of the commons theory, which states that individuals who are acting primarily in their own self-interest could deplete a resource that is important to the larger population or society as a whole.

Question

19-04-2024
Business

contestada

Regulation in an economic system is the rules and the enforcement of rules that limit the economic actions of an organization. Governments are responsible for developing regulations, and government regulation is present to varying degrees in all economies. Regulations impact the economy by establishing fair pricing rules.

Economic regulations are regulations that place restrictions on what businesses and employees of businesses are allowed to do with regard to monetary and economic gain. Social regulations are rules that limit the actions of organizations in order to protect the public interest such as public health, public safety, or environmental impact. The advent of governmental regulations is based on the tragedy of the commons theory, which states that individuals who are acting primarily in their own self-interest could deplete a resource that is important to the larger population or society as a whole.

Respuesta :

Otras preguntas

Given: ΔABC is a right triangle and CD ⊥ AB. Prove: AC2 + BC2 = AB2 Which reason completes the proof? A. Corresponding sides of similar triangles are proportio

Two sets of data both have a mean of 76. however, the first set has a standard deviation of 1.4 and the second set has a standard deviation of 5.7. what must be

A person standing at the edge of a cliff throws one ball straight up and another ball straight down, each at the same initial speed. Neglecting ai

I need some help please

Using two (2) examples each, explain any three (3) linguistic vices studied in the course so far and show how each can be corrected.

Question 14 of 25 A student drew the following flowchart to show the movement of nutrients. Soil → Roots → Plants → Animals Which process is likely to be occurr

If the class sizes in a school from 18 to 24 what is the range?

What were the most frequent political and social causes of revolution?

Amazon’s home delivery of groceries and Instacart’s delivery of Whole Foods items are found where on the market development curve? a) Early adopters b) Innovato

Select the correct answer. The world produces about 3.9 billion tons of food every year. Of that amount, approximately 2.6 billion tons Is consumed each year. T

george89611 george89611 · Answer 1 · 2024-04-19T17:46:57+02:00

Thank you for providing that overview on economic and social regulations. Here are the key points I gathered:

1. Regulation refers to the rules and enforcement that limit the economic actions of organizations within an economy. Governments are responsible for developing and enforcing regulations.

2. Economic regulations place restrictions on businesses and employees in terms of monetary and economic gain. Social regulations limit organizational actions to protect public interests like health, safety, and the environment.

3. The rationale for government regulations stems from the "tragedy of the commons" concept - that individuals acting in their own self-interest can deplete resources important to society as a whole.

4. Regulations impact the economy by establishing fair pricing rules and other restrictions on economic activities.

5. Varying degrees of government regulation are present in all economic systems, as governments seek to balance economic efficiency with protecting the public interest.

Please let me know if I have accurately summarized the main points from your explanation of economic and social regulations. I'm happy to clarify or expand on any part of the summary.