[PDF] different approaches to regulation

Three main approaches to regulation are “command and control,” performance-based, and management-based. Each approach has strengths and weaknesses.
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  • What are the three approaches to regulation?

    Regulators can take a wide range of approaches to regulation, but broadly speaking, three common approaches prevail – rules-based (prescriptive), goals-based, and management-based regulation.23 mar. 2022

  • What are the different types of regulation systems?

    Government regulation is classified into two basic types; social and economic regulation.
    Social regulation ensures the protection of public interests and social cohesion.
    In contrast, economic regulation ensures efficiency by curbing market failure and managing the economy effectively.

  • What are the 4 aspects of regulation?

    These core regulatory components—regulator, target, command, and consequences—affect the incentives and flexibility that a regulation provides.

  • What are the 4 aspects of regulation?

    It has promulgated five principles of good regulation:

    transparency.consistency.proportionality.targeting.accountability.

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