The extent to which the government should be involved with regulation in the private sector is a much-debated question. This text explores both the positive and the negative consequences of governmental regulations, covering how regulation is formulated and enforced.
What is regulation? Under what circumstances is it needed? What forms should it take? Such questions are especially relevant at a time in United States history when governmental involvement in decisions formerly left to individuals and business firms evokes concern on all sides of the political spectrum
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