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Valentin [98]
1 year ago
5

What are torts? What happens if an industry or company has negatively impacted the public? Typically, the actions and rules of R

egulatory Agencies cause higher production costs and therefore higher prices for the goods they regulate. Are the regulatory agencies worth the trade-off of higher prices? Explain.
Social Studies
1 answer:
saw5 [17]1 year ago
7 0

Trade-offs affect business especially in cases of higher prices whereby business growth is affected.

<h3>What is tort?</h3>

A tort can be a activity or doing that can cause harm to the society and also lead to the evolvement of another harm.

If a company has impacted the public negatively, it affects the companies rating and business.

People tend to associate with what brings positive results and not negative results.

Trade-offs makes country give up resources or amenities to get something in exchange. Regulatory bodies intervention has led to, business complaints and also reduce growth of business as a result of higher trade-offs.

Therefore, trade-offs affect business especially in cases of higher prices whereby business growth is affected.

Learn more on trade-off below

brainly.com/question/7072776

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