What Is the Purpose of Control and Evaluation

question 62

Essay

What is the purpose of control and evaluation?

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Definitions:

Pigovian Tax

A tax imposed on activities that generate negative externalities, intended to correct an inefficient market outcome by being equal to the social cost of the externalities.

Command-And-Control

Command-and-control refers to a regulatory approach where the government directly stipulates what actions are required for compliance, often seen in environmental regulation.

Market-Based

Economic systems or policies that are reliant on the forces of supply and demand rather than governmental interventions to allocate resources.

Command-And-Control Policies

Government interventions that directly regulate permissible levels of emissions or methods of production, through mandates or restrictions.