POLI 330 Midterm Review
◍ Property Right. Answer: Refer to legally recognized entitlements of
individuals or entities to control, use, and dispose of tangible or
intangible assets
◍ Digital Governance. Answer: Emphasizes the transformative impact
of info technologies and changes in information systems on the practice
of public administration
◍ Regulatory Agency. Answer: Monitor and influence business activity
in response to varieties of market failures
◍ Economic and Social Regulation. Answer: Economic: Restrictions
such as pricing, competition for industries and markets
Social: Restrictions to control behaviour to protect the welfare of society
◍ Four Broad Areas of Social Regulation. Answer: (1) Health and
Safety
(2) Environmental Protection
(3) Information ad Fairness Regulations
(4) Cultural Regulations
◍ Types of Direct Economic regulation. Answer: (1) Control Market
◍ Property Right. Answer: Refer to legally recognized entitlements of
individuals or entities to control, use, and dispose of tangible or
intangible assets
◍ Digital Governance. Answer: Emphasizes the transformative impact
of info technologies and changes in information systems on the practice
of public administration
◍ Regulatory Agency. Answer: Monitor and influence business activity
in response to varieties of market failures
◍ Economic and Social Regulation. Answer: Economic: Restrictions
such as pricing, competition for industries and markets
Social: Restrictions to control behaviour to protect the welfare of society
◍ Four Broad Areas of Social Regulation. Answer: (1) Health and
Safety
(2) Environmental Protection
(3) Information ad Fairness Regulations
(4) Cultural Regulations
◍ Types of Direct Economic regulation. Answer: (1) Control Market
