Join the conversation on IDNLearn.com and get the answers you seek from experts. Our Q&A platform offers reliable and thorough answers to help you make informed decisions quickly and easily.
Sagot :
There are 2 type of regulatory are social and economic regulation
Regulatory:
The term regulatory refers the practices established to control and manage an activity or process.
Given,
Here we need to identify the type of the regulatory.
As per the definition of regulatory, we know that where an entity with power and authority in a certain area formulates rules to influence its operations to ensure that it operates as per the formulated rules.
And the regulatory can also be defined as the principles that an authority puts up to determine the direction a system or process takes based on the statutes laid.
Based on these details, it can be classified as 2 types. They are social and economic regulation.
Where as Social regulation ensures the protection of public interests and social cohesion.
On contrast, economic regulation ensures efficiency by curbing market failure and managing the economy effectively.
To know more about Regulatory here.
https://brainly.com/question/29767609
#SPJ4
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Find reliable answers at IDNLearn.com. Thanks for stopping by, and come back for more trustworthy solutions.
