{"product_id":"tighter-grip-on-the-economy-needed-von-christian-uwagwuna","title":"Tighter Grip on the Economy Needed","description":"\u003cp\u003eEssay from the year 2010 in the subject Economics - Macro-economics, general, grade: 67, De Montfort University Leicester, course: Contemporary Business Issue, language: English, abstract: The purpose of this paper is to consider the rationale of economic regulation, why regulation has\u003c\/p\u003e\u003cp\u003ewelfare benefits and why consumers of financial services, particularly retail consumers demand\u003c\/p\u003e\u003cp\u003eregulation of the economy. \u003c\/p\u003e\u003cp\u003eA poll carried out by the BBC showed that most people want their government to have more control\u003c\/p\u003e\u003cp\u003eover the running of their economy. However, some academic liberals (Bentson, 1998) are skeptical\u003c\/p\u003e\u003cp\u003eof the benefits of such regulation. These critics of economic regulation argues variously as follows;\u003c\/p\u003e\u003cp\u003ethat there is no market failures and imperfections, and that if they do exist they are not sufficiently\u003c\/p\u003e\u003cp\u003eserious to warrant regulation, and that regulation may not practically solve these failures and\u003c\/p\u003e\u003cp\u003eimperfections, and that if it does, it can only do so by imposing cost that might exceed the cost of\u003c\/p\u003e\u003cp\u003ethe original problem, and that imposing regulation raises serious moral hazards, and finally, that\u003c\/p\u003e\u003cp\u003eregulation imposes a wide range of cost which is ultimately borne by consumers.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783640895977\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783640895977","offer_id":39427570532445,"sku":"9783640895977","price":17.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/c23e224b-db2a-478f-985f-21efb8aae2ba.jpg?v=1777784571","url":"https:\/\/shop.autorenwelt.de\/products\/tighter-grip-on-the-economy-needed-von-christian-uwagwuna","provider":"Autorenwelt Shop","version":"1.0","type":"link"}