Economic regulation policies refer to government rules or laws designed to control or influence economic behaviors or outcomes – such as prices, competition, market entry or exit, etc.
Imagine economic regulation policies as referees in a football game. They set rules for fair play, penalize foul behavior, and ensure everyone gets an equal chance at winning.
Antitrust Laws: These are regulations enacted by governments aiming at preventing monopolies and promoting competition in business markets.
Deregulation: This is when government reduces its role and allows industry greater freedom in how it operates - essentially letting players decide some rules themselves.
Fiscal Policy: This involves changes in government spending and tax rates aimed at influencing macroeconomic conditions including inflation, employment, and economic growth.
Study guides for the entire semester
200k practice questions
Glossary of 50k key terms - memorize important vocab
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.