Students are in control of their learning process and can manage time as they see fit. 5) By legislation, social control is possible Disadvantages of Legislation - Advantage of legal restrictions. Having a single regulatory body has some clear advantages. Regulations can limit the amount of pollution allowed. Regulations which are stricter than what is actually required can unnecessarily add to the cost of the business. Range is rigidly defined measure of dispersion. 4) Legislation makes new law to the society. Students feel a sense of achievement and fulfillment when they have accomplished goals they have set for themselves and therefore are more likely to set more challenging goals in the future. heroin. Main advantages and disadvantages of range can be highlighted as follows: Advantages/Merits Of Range. It can be calculated simply by subtracting lowest value from the largest value in the series. External costs from pollution. Range is highly affected by sampling fluctuations. Thus, the Parliament will have no time to scrutinize the debate complex and regulations and technical rules. Advantages of Legislation - 1) Legislation is the best and most reliable source of law 2) Statutory law is rigid and applicable irrespective of the crime 3) The modern States give more importance to the legislation. It is expensive to monitor the behaviour of firms; There may be an extra cost to firms; Regulations prevent the operation of the price mechanism For would-be participants in the financial markets, a single regulator avoids the confusion of not … Perhaps the advantages and disadvantages presented here can provide a clear understanding regarding the significance or insignificance of delegated legislation. One of the main disadvantages of having a single body regulate financial markets is that it makes it more difficult for this body to specialize in particular regulatory … Simple and easy to understand. Advantages And Disadvantages Of Random Sampling, Advantages And Disadvantages Of Census Method, Advantages And Disadvantages Of Bank Regulation. When the danger is great it may be better to ban it all together, e.g. Advantages And Disadvantages Of Quartile Deviation, Advantages And Disadvantages Of Double Entry System, Advantages And Disadvantages Of Internal Check, Advantages And Disadvantages Of Internal Audit, Advantages And Disadvantages Of Management Audit, Advantages And Disadvantages Of Interim Audit, Advantages And Disadvantages Of Final Audit, Advantages And Disadvantages Of Standard Deviation, Advantages And Disadvantages Of Mean Deviation, Advantages And Disadvantages Of Harmonic Mean, Advantages And Disadvantages Of Geometric Mean, Advantages And Disadvantages Of Arithmetic Mean. Therefore, such stringent regulations don’t benefit the business but instead crat… Advantages of Self-Regulated Learning. When a decision needs to … Advantages and Disadvantages of Deregulation Advantages Improves resource allocation - the market becomes more contestable so new firms are more likely to enter the market - the threat of competition or the actual entry of new firms means prices fall closer to the MC as output increases Advantages. It is also useful for weather forecast. 1. It does not require special mathematical knowledge to compute range. So, it value is always fixed. Along with advantages, there are also some drawbacks of regulations. These include the costs of complying with these regulations. They are simple to understand; It is possible to fine or close down companies which have abused the regulations; May help to reduce the problem of asymmetric information; Disadvantages. Regulations also makes business resistant to change as some regulations tend to be inflexible and don’t allow businesses to change according to the changing demand of consumers. Range may not be considered as the reliable method of dispersion because it is not based on the all items in the series. Range can be used for quality control purpose. It is very simple to understand.
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