3:56 Albania is an example of what happens when you put in too many regulations, most of our regulations are not enforced or are unenforceable. We couldn't even enforce masks, nobody wore masks a year before the regulations about masks were taken down at the beginning of this year. And even worse is that because there are so many regulations and so few police (that are paid barely above minimum wage so they have to take bribes to earn a decent living) that the important regulations like drugs are barely enforced.
@Ved_Desai Жыл бұрын
thanks for this example
@architchoudhary4782 Жыл бұрын
@@Ved_Desai Make sure to cite this comment in your essay.
@robbyxd3582 Жыл бұрын
I shall give the link to the video in my essay about effectiveness of regulations on controlling market failure@@architchoudhary4782
@MsDari5 жыл бұрын
Thanks for helping break a brain block! I needed to explain "the interest group model of regulation" and was overthinking my assigned reading. Thanks for clearing up the fog!
@iloveeveryone473 жыл бұрын
BROOO I OWE U A BIG TIME, i’ve BEEN WATCHING UR VIDEOS SINCE THE PAST 3 HRS AND THEY HAVE HELPED ME SOO MUCH MORE THAN THIS STUPID BK
@salmanqureshi33616 жыл бұрын
do you like brown dal by any chance?
@clevereagle1911 Жыл бұрын
Yep I do! 😊😊😭😭😭
@MH-nz3ex3 жыл бұрын
that’s my guy 🥶🥶🥶🐐
@alomarsharief56314 жыл бұрын
Let's go dal👍👍
@zainamomani77186 жыл бұрын
Great Please do a video for currency derivatives
@austinwachira51852 жыл бұрын
Dal The Man!!
@FlixRacing Жыл бұрын
Thank you!
@ric6383 Жыл бұрын
Many thanks.
@fotimazuhra39752 жыл бұрын
Hi, so there is no graphs for regulations right?
@MCart1215 Жыл бұрын
Regulation can be price caps which have diagrams - you need to apply diagrams to the specific policy you use
@yalski21894 жыл бұрын
True classic
@AlevelStudent-c1y Жыл бұрын
Hi, Would the introduction of a govt funded regulatory body count as regulation as it would maintain high levels of competition and contestibility within the market, preventing consumers from being exploited by firms with monopoly power while also increasing allocative and productive efficiency, preventing market failure. ?
@AlevelStudent-c1y Жыл бұрын
E.g) OFGEM , OFSTED etc
@salt.5291 Жыл бұрын
Yea it would, they can monitor the economic decision making and can lead to behavioural economic policy implementation such as framing or nudged to increase positive externalities.