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Do you think you can explain why someone might think they aren't different things? I'm not sure you can...
by acedinlowball 10y ago
Do you think you can explain why someone might think they aren't different things? I'm not sure you can...
- mejari 10y agoGeez, at least give me a chance before you decide what I can't do. The difference is pretty basic: Having a "negative impact" requires value-judgement, having a cost does not. In terms of economics it requires a broad view of the entire economy, whereas a cost can be directly assigned to a single event or series of events. Saying that a regulation has a cost is saying that it requires some expenditure to implement/maintain. Saying it has a negative impact is saying that the expenditure to implement/maintain that regulation outweighs the as-yet-in-this-discussion undefined benefits of the regulation in question.