BSMS 436 Government and Organizations
Government regulation in the United States consists of three kinds. The first, called antitrust regulation, is regulation to promote competition. The second, called economic or utility regulation, is regulation of those industries which are considered to be ill-suited for competition. The third, called non-economic or social regulation, is regulation of conditions which cut across industries. Examples of this kind of regulation include OSHA or EPA regulation. Examples of the various types of regulation and court cases will be examined. The social purposes of regulation will be considered in historical perspective.