Social regulation is concerned with the conditions under which goods and services are produced and the impact of these goods on the public.

Question

Quizplus · Accepted Answer

Social regulation is a government intervention that aims to promote the welfare of citizens by regulating the production, distribution, and sale of goods and services. It sets standards and rules to ensure that these products are safe, of good quality, and do not harm the environment or public health. Therefore, social regulation is concerned with the conditions under which goods and services are produced and their impact on the public.

Social Regulation Is Concerned with the Conditions Under Which Goods