To help preserve the competitive environment, government regulation addresses problems created by positive and negative externalities in production, marketing, and consumption. In granting patents and operating subsidies, government provides compensation to reward activity that provides positive externalities. Local, state, and federal governments levy taxes to limit negative externalities. Property rights, grants, taxes, and operating controls are common focal points of government/business interaction.
The license to limit use by others
Was this article helpful?
Don't Blame Us If You End Up Enjoying Your Retired Life Like None Of Your Other Retired Friends. Already Freaked-Out About Your Retirement? Not Having Any Idea As To How You Should Be Planning For It? Started To Doubt If Your Later Years Would Really Be As Golden As They Promised? Fret Not Right Guidance Is Just Around The Corner.