Professional organizations (e.g. South African Medical Association and the National Bar Council of South Africa) have been active advocates for regulation to restrict entry and the right of professionals to advertise. Describe what economic incentives might exist for incumbent professionals to have such regulations
Restrictions to entry is due to avoiding multiple immigration issues and avoid unemployment rising significantly. Also right to advertise for professional is avoided as it creates special focus and targeted hiring and concentration to particular segment of workforce which also causes unemployment to rise and competitive scenario to decline and thus firms end up paying more salary as limitations.
Professional organizations (e.g. South African Medical Association and the National Bar Council of South Africa) have...