BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Put differently, regulation has a regressive effect: It redistributes wealth from lower-income households to higher-income households by forcing lower-income households to subsidize the risk mitigation preferences of the wealthy and pay for risk reductions they would not otherwise choose.

Detailed explanation-2: -Regulations and institutions governing the entry, growth and exit of firms-including registration, licensing, inspections, property rights, and others-play an important role for creating contestable markets and thus supporting productivity gains and growth.

Detailed explanation-3: -Regulatory issues are those that involve any interaction with a regulatory authority (e.g., federal or state department of Labor, the Internal Revenue Service) or compliance with regulatory requirements from such government agencies.

Detailed explanation-4: -Regulation consists of requirements the government imposes on private firms and individuals to achieve government’s purposes. These include better and cheaper services and goods, protection of existing firms from “unfair” (and fair) competition, cleaner water and air, and safer workplaces and products.