Asked by dreya flores on May 11, 2024
Verified
Supporters of social regulation contend that it has provided net benefits to society in the form of greater safety, a better environment, and less discrimination.
Social Regulation
Rules imposed by government to correct market failures and achieve social goals, which include protecting consumers, workers, and the environment.
Net Benefits
The difference between the total benefits and total costs of a particular action or decision.
- Differentiate between various forms of regulation (social versus industrial) and comprehend their consequences.
- Comprehend the wider societal objectives of regulation such as ensuring safety, safeguarding the environment, and preventing discrimination.
Verified Answer
VV
Victor ValenzuelaMay 15, 2024
Final Answer :
True
Explanation :
Social regulation, which includes laws and policies aimed at improving public health, safety, the environment, and reducing discrimination, has been argued by its supporters to provide net benefits by enhancing the quality of life and ensuring fairer treatment across society.
Learning Objectives
- Differentiate between various forms of regulation (social versus industrial) and comprehend their consequences.
- Comprehend the wider societal objectives of regulation such as ensuring safety, safeguarding the environment, and preventing discrimination.
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