Answer: This is a quote from Joan Claybrook, whose words reflect her steady active citizenship work for a better democracy.
Explanation:
Joan Claybrook worked at the National Highway Traffic Safety Administration of the U.S. Department of Transportation, was the founder and director of the congressional lobbying group Public Citizen’s Congress Watch and emeritus president of Public Citizen, a public interest advocacy nonprofit that works on civil rights and liberties, environmental issues, public participation in governmental decisions, and market accountability.
Imposition of rules by government backed by the use of penalties that are intended specifically to modify the economic behavior of individuals and firms in the private sector.
<u>Explanation</u>:
- An imposition of rules by the government to modify the individual's economic behavior and in the private sector firm known as regulation. Prices, output, rate of return, disclosure of information, standards and ownership ceilings are among those frequently used.
- One is to increase efficiency and maintain potential market power or avoid duplication. In the case of professional services, to protect consumers and maintain quality and protect consumers.
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