Regulatory economics is the application of law by government or regulatory agencies for various economic purposes, including remedying market failure and protecting the environment. Regulation is generally defined as legislation imposed by a government on individuals and private sector firms in order to regulate and modify economic behaviors.
Regulatory economics is the application of law by government or regulatory agencies for various economic purposes, including remedying market failure and protecting the environment. Regulation is generally defined as legislation imposed by a government on individuals and private sector firms in order to regulate and modify economic behaviors.
Source: Wikipedia "Regulatory economics" · CC BY-SA 4.0
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