4. State the need for social regulations.
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Social regulation refers to the set of rules identifying permissible and impermissible activity for individuals, firms, or government agencies as well as the accompanying sanctions or rewards for such behaviour. These rules are meant to restrict practices that threaten public health, safety, welfare, or well- being.
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Social regulation refers to the set of rules identifying permissible and impermissible activity for individuals, firms, or government agencies as well as the accompanying sanctions or rewards for such behaviour. These rules are meant to restrict practices that threaten public health, safety, welfare, or well- being
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