The two basic types of government regulation are

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The two basic types of government regulations are economic regulation and social regulation. Economic regulation refers to the rules and guidelines that govern the conduct of business activities, such as price controls, licensing requirements, and safety standards. Social regulation refers to the rules and guidelines that affect the behavior and conduct of individuals and organizations, such as environmental protection laws, consumer protection laws, and civil rights laws. Both economic and social regulations are designed to promote the public interest and protect the well-being of individuals and society as a whole. However, economic regulations are aimed at regulating the behavior of businesses, while social regulations are aimed at regulating the behavior of individuals and organizations in general.

The Two Basic Types of Government Regulation Are