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26 August, 05:10

All government regulation and taxation have as cost that businesses and everyday Americans absorb in order to improve the safety of products or working conditions

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  1. 26 August, 05:37
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    Regulatory cost or Cost of regulation

    Explanation:

    Regulatory cost refers to an additional expense outside the original budget that incurred when the government tried to implement their programs.

    For example, When government employees made a mistake in recording a certain event, the department need to pay additional hours to another employees in order to fix the mistake. This additional hours is a small example of Regulatory Cost.
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