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In social science and economics, public interest is "the welfare or well-being of the general public" and society. [1] While it has earlier philosophical roots and is considered to be at the core of democratic theories of government, often paired with two other concepts, convenience and necessity, it first became explicitly integrated into governance instruments in the early part of the 20th ...
The public interest is "the welfare or well-being of the general public" and society. [2] Regulation in this context means the employment of legal instruments (laws and rules) for the implementation of policy objectives. Public interest theory competes for acceptance with public choice and regulatory capture in explaining regulation and its ...
There is an important conceptual difference between the sense of "a" public good, or public "goods" in economics, and the more generalized idea of "the public good" (in the sense of common good, public benefit, or public interest), "a shorthand signal for shared benefit at a societal level".
In the United States, the concept of government interest arises especially when certain constitutional issues are before a court of law.Under US constitutional jurisprudence, arising from US Supreme Court decisions, the courts weigh the government's interest in a particular subject matter against the impact of restrictions being imposed on the individuals' rights and interests.
The interests of the agency's constituency (the interest groups) are met, while the needs of consumers (which may be the general public) are passed over. [ 20 ] That public administration may result in benefiting a small segment of the public in this way, may be viewed as problematic for the popular concept of democracy if the general welfare ...
The role of the public accountancy profession in working for or against the public interest is a key theme in public interest accounting. Abe Briloff's article, "Accountancy and Society: A Covenant Desecrated," [4] argues that public accounting firms have a social contract granting them monopoly privileges in return for protecting public interest.
Walt Disney Co. and its chief executive have made a sharp pivot since doubling-down on diversity and inclusion efforts in the wake of George Floyd's murder in Minneapolis four and a half years ago.
Public interest design is a human-centered [1] and participatory design practice [2] that places emphasis on the “triple bottom line” of sustainable design that includes ecological, economic, and social issues and on designing products, structures, and systems that address issues such as economic development and the preservation of the environment.