Government regulation of economic and social activities permeates our lives. While regulation in many instances yields important public benefits, regulations often are imposed on individuals and organizations with too little thought or analysis of what is gained in comparison with the losses incurred in time, money, indecision, and productivity. Further, the growth of government involvement in the market system sometimes constrains our ability to achieve fundamental economic and social goals. According to the World Bank study, regulation on business varies widely around the world and less developed countries tend to regulate the most. Recommend how government regulations can be more effective.
Government regulation of economic and social activities permeates our lives. While regulation in many instances yields important public benefits, regulations often are imposed on individuals and organizations with too little thought or analysis of what is gained in comparison with the losses incurred in time, money, indecision, and productivity. Further, the growth of government involvement in the market system sometimes constrains our ability to achieve fundamental economic and social goals. According to the World Bank study, regulation on business varies widely around the world and less developed countries tend to regulate the most. Recommend how government regulations can be more effective.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 5SQP
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Government regulation of economic and social activities permeates our lives. While regulation in many instances yields important public benefits, regulations often are imposed on individuals and organizations with too little thought or analysis of what is gained in comparison with the losses incurred in time, money, indecision, and productivity. Further, the growth of government involvement in the market system sometimes constrains our ability to achieve fundamental economic and social goals. According to the World Bank study, regulation on business varies widely around the world and less developed countries tend to regulate the most.
Recommend how government regulations can be more effective.
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