The Role of Regulations in Shaping Demand and Supply
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Role of Regulations in Shaping Demand and Supply
Regulations play a critical role in shaping demand and supply in various sectors of the economy, ranging from healthcare to finance and environmental conservation. Regulations are rules, laws, or policies established by governments, international bodies, or industry associations to manage economic activities and promote public welfare. The following discussion examines the impact of regulations on demand and supply, drawing examples from different sectors of the economy.
Regulations and Demand
Regulations have a significant impact on consumer demand as they influence the availability, affordability, and quality of goods and services. For example, regulations on health and safety standards for food products can lead to increased demand for healthier products by consumers. If food producers are required to label their products with information about nutritional content, consumers can make informed decisions about the type of food they consume, which can increase the demand for healthier options.
Similarly, regulations that limit the amount of pollution allowed from vehicles can lead to increased demand for cleaner technologies such as electric or hybrid vehicles. These regulations can also stimulate innovation and research, leading to more efficient and environmentally-friendly products, which can, in turn, increase demand.
On the other hand, regulations can also decrease demand for products, especially if they increase the costs of production or reduce the availability of certain goods or services. For instance, regulations that impose taxes or tariffs on imported products can increase the cost of production, which can lead to decreased demand for these products. In some cases, regulations can also reduce the availability of certain products or services, leading to decreased demand. For example, regulations that limit the number of licenses for a particular industry, such as taxi services or liquor stores, can reduce the availability of these services, leading to decreased demand.
Regulations and Supply
Regulations also have a significant impact on supply, as they affect the cost of production, the availability of resources, and the ability of producers to enter or exit a particular market. For example, regulations that require businesses to adopt certain environmental or labor standards can increase the cost of production, which can reduce the supply of products or services. These regulations can also create barriers to entry, making it difficult for new producers to enter the market, which can further reduce the supply.
Similarly, regulations that protect intellectual property, such as patents or trademarks, can increase the supply of certain products by encouraging innovation and research. When producers are assured of exclusive rights to their products or services, they are more likely to invest in research and development, leading to the creation of new and improved products.
However, regulations can also decrease the supply of certain goods or services, especially if they create barriers to entry for new producers or limit access to resources. For instance, regulations that limit the extraction of certain natural resources, such as oil or minerals, can reduce the supply of these resources, leading to increased prices and reduced availability. Regulations that impose restrictions on foreign trade or limit the ability of businesses to operate across borders can also reduce the supply of goods and services.
Conclusion
Regulations are a crucial aspect of the modern economy, and they play a critical role in shaping demand and supply. Regulations can stimulate demand by promoting healthier, safer, and environmentally-friendly products, while also reducing demand for products that may be harmful or dangerous. Similarly, regulations can increase the supply of certain products by encouraging innovation and research, while also reducing the supply of goods or services that may have negative impacts on the environment or society. However, regulations can also create barriers to entry, increase the cost of production, and limit the availability of resources, leading to decreased supply. Therefore, policymakers and industry leaders must carefully consider the impacts of regulations on demand and supply when developing policies that promote economic growth and social welfare.
The Role of Regulations in Shaping Demand and Supply
RUBRIC
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POOR / UNSATISFACTORY |
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EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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