Regulating industries refers to the government's oversight and control over specific sectors or areas of economic activity to protect consumers, maintain competition, ensure safety standards, or achieve other policy objectives.
Related terms
Market Regulation: Market regulation refers to government intervention in free markets to correct market failures or promote certain societal goals. It can include measures such as price controls, consumer protection laws, or antitrust regulations.
Deregulation: Deregulation is the process of reducing or eliminating government regulations in an industry. It aims to increase competition and innovation by removing barriers imposed by excessive regulations.
Compliance Monitoring: Compliance monitoring involves tracking and assessing whether individuals or organizations are adhering to regulatory requirements. It may involve inspections, audits, reporting systems, or penalties for non-compliance.