This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Where have all these rules and regulations that can stifle free-enterprise come from. Well, again we have to take a closer look. Again, we read, as long as their actions do not infringe on the property rights of others. When a negative externality develops, often government steps in with rules and regulations to mitigate the externality. Those rules and regulations put restrictions on private property rights and can lead to stifling free enterprise and free choice. Society must decide how much erosion of private property rights it can tolerate (cost) relative to reconciling the negative externality (benefit)....
View Full Document
This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10