Thursday, November 21, 2013

Unit 1: A law is fine, but how is it enforced?

Standard theory suggests market failure can be reduced by regulation/legislation, but it has to be enforced

This BBC clip appears to show that isn't always the case and so breaking the law becomes less of an issue......and the negative externality remains!

http://www.bbc.co.uk/news/uk-25030730#

No comments: