“Government is created to secure the inalienable rights of all citizens – i.e., the right to life, liberty and the pursuit of happiness” – Thomas Jefferson.
The government functions in broadly following categories:
Need of regulation:
The regulatory structure of government:
Challenges in regulation:
Recommendations:
For attaining ‘optimum regulation’, the Government should follow the following principles.
Many welfare and development programmes have been created and implemented by the government with the goal of improving the socioeconomic status of its population.