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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 theory of regulation claims that government regulation acts to protect and benefit the public. [1] 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 law refers to legal practices undertaken to help poor, marginalized, or under-represented people, or to effect change in social policies in the public interest, on 'not for profit' terms (pro bono publico), often in the fields of civil rights, civil liberties, religious liberty, human rights, women's rights, consumer rights, environmental protection, and so on.
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".
The PIRGs emerged in the early 1970s on U.S. college campuses. The PIRG model was proposed in the book Action for a Change by Ralph Nader and Donald Ross, in which they encourage students on campuses across a state to pool their resources to hire full-time professional lobbyists and researchers to lobby for the passage of legislation which addresses social topics of interest to students. [5]
That means interest rates change based on market conditions. For CDs, you can lock in a rate for a set amount of time, but once that term is up, the rate can change, based on what the lender sets.
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.
Regardless of what the Fed does, he said, consumers can keep credit interest rates low fairly easily. They can pay their credit card bills on time and pay no interest, or shop for lower rates ...