Use this American Government by the People video entitled Making Regulatory Policy to study how Regulation, now a major government activity, involves altering the natural workings of the open market to achieve some desired goal. Learn how economic regulation aims to control the behavior of business in the marketplace and how social regulation aims to correct the unintended side effects of economic activity and to ensure equal rights in employment, education, and housing. Discover how the president nominates the members of regulatory bodies, their powers derive from legislative delegation, and their decisions are subject to review by the courts. Independent regulatory agencies have a scope of responsibility in the American economy that sometimes exceeds that of the three regular branches of government.
Learn about Making Regulatory Policy.