Asked by Marcell Randall on Jul 21, 2024

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Government regulation concerning the conditions under which goods are produced, the impact of production on society, and the physical qualities of the goods is known as

A) industrial regulation.
B) social regulation.
C) economic regulation.
D) antitrust regulation.

Social Regulation

Laws and rules designed to protect public welfare, including health, safety, and environmental quality.

Industrial Regulation

The set of laws and rules governing the operation and behaviors of companies within specific sectors to ensure fair competition and protect consumers.

Antitrust Regulation

Laws designed to promote competition and prevent monopolies by regulating corporate mergers and breaking up companies when necessary.

  • Differentiate between the concepts of industrial regulation and social regulation, highlighting their primary concerns and resulting impacts.
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MS
Miranda ShaverJul 22, 2024
Final Answer :
B
Explanation :
Social regulation focuses on the broader impact of production on society, including environmental, health, and safety standards, rather than just the economic aspects of production.