Research of Economic Theory of Liability on Food Industry

Wang Shaohua ()

Academic Journal of Economic Studies, 2020, vol. 6, issue 3, 122-126

Abstract: The core operation of a company is maximum their profit, accordingly the behavior of a company is making profit as much as he can, which will may harm the natural people and damage the social product and welfare. Especially for the food industry, a human traditional and important social economic activity, the balance of social optimum between firms and consumers is a relative complete and different issue to the court and government. Consequently, this article main introduced the liability allocation between injurer and victim under the consideration of social optimum in the food industry.

Keywords: Liability; Economic Theory; Food Industry Safety (search for similar items in EconPapers)
JEL-codes: K13 K42 (search for similar items in EconPapers)
Date: 2020
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