Why & How Regulations Affect an Economy.mp4
Channel: The Philosophical Angle
Date: 2012-06-08

Every economic decision has the following ingredients: Risk + Information/Knowledge + Time + Effort for Service and for a product we add Material.   The result of these variables is the economic reward.  The generation of laws generally affect the outcome, that is, the reward.  However, regulations generated from the laws directly affect the variables that influence the reward.  That is, regulations affect the activities that generate an economic reward and therefore, are not measured easily.  For example, a regulation can prevent a reward from ever happening by preventing the decisional priorities (a kind of knowledge) of an entrepreneur to generate the will or effort  to occur!