Regulatory Policy Flashcards
1
Q
compliance
A
the act of following established rules and guidelines
2
Q
externalities
A
the consequences of economic decisions that affect the community at large
3
Q
legislate
A
to create a law or rule
4
Q
mixed-market economy
A
an economy that has some government intervention
5
Q
regulatory policy
A
a rule or guideline created to protect the public interest
