Self Regulatory Policy

870 Words4 Pages
from the air we breathe and the food we eat, to the vehicles we drive and the roads we drive them on, to our health care and financial security. The Department of Federal Drug Administration (FDA) is an example of regulatory policy because it regulates how our food is manufactured. Self-Regulatory Policy – is a public policy that imposes limitations and restrictions on social behavior to avoid monopoly. The regulated body regulates self-regulatory policies. The Bar Association is an example of self-regulatory policy because laws within the association protect the members within that association. Private Goods – are goods that are broken into units and can be purchased from the marketplace. Private goods are excludable even though they…show more content…
For instance, the government enforces the law that all employers must pay the minimum wages. If there are scare resources, some company may suffer. Symbolic Goods – are goods that intangible that has no effect on the society. The U. S. government motto: “In God We Trust” that’s printed the U. S. currency. Difference between grass roots mobilization and consensus building Grass roots mobilization is when likeminded individuals come together to make a change for social, economic, political and environment to enhance the quality of their life and the quality of life for others. Consensus building is a conflict-resolution process used mainly to resolve complex, multiparty disputes. Administrative Procedure Act of 1946 The Administrative Procedure Act of 1946 prescribes procedures to be used by federal agencies in notice and comment on informal rule making. The APA governs the process by which federal agencies develop and issue regulations. It includes requirements for publishing notices of proposed and final rulemaking in the Federal Register, and provides opportunities for the public to comment on notices of proposed rulemaking. The APA requires most rules to have a 30-day delayed effective…show more content…
It is just a discussion agenda which means issues may not make it on the final public agenda. Consist of issues that are commonly perceived by members of the political community as reason for public attention. Example: trash along Watkins Park Drive. Institutional agenda issues that public official feels warrant attention for action. (A specific action agenda). A very exclusive policy arena that does not allow every issue to make it on the agenda. Institutional agenda is at the national level that includes legislative, executive, judicial, and
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