9 In recent years, economic regulation has been relaxed, and social regulatory activities have expanded rapidly. Social
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9 In recent years, economic regulation has been relaxed, and social regulatory activities have expanded rapidly. Social regulation seeks to provide a cleaner, safer, healthier environment for workers and consumers. Pursuit of this objective is costly. Both higher product prices and higher taxes accompany such regulation. Since the costs and particularly the benefits are often difficult to measure and evaluate, the efficiency of social regulatory programs is a controversial topic under current research.
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Related Book For
Essentials Of Economics
ISBN: 396414
2nd Edition
Authors: James D Gwartney; Richard Stroup; J R Clark
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