Regulation

Definition

Regulation refers to rules and laws implemented by governments or regulatory bodies to control or guide certain activities in various sectors such as finance, environment, or labor.

Related terms

Deregulation: Deregulation involves reducing or removing government regulations on certain industries or sectors.

Consumer Protection: Consumer protection refers to laws and measures designed to safeguard consumers from unfair practices by businesses.

Regulatory Capture: Regulatory capture occurs when regulatory agencies become influenced or controlled by the industries they are supposed to regulate, leading to biased decision-making.