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.

Question

Quizplus · Accepted Answer

Social regulation deals with regulating the impact of production on society and the physical qualities of goods, such as safety standards. Industrial regulation, on the other hand, deals with regulating the structure and behavior of specific industries. Economic regulation focuses on regulating prices and competition, while antitrust regulation deals with preventing monopolies and promoting competition.

Government Regulation Concerning the Conditions Under Which Goods Are Produced