Government Regulation

Definition

Government regulation refers to the implementation of laws and policies by the government to control or oversee various aspects of industries, businesses, or individuals. It aims to protect consumers, promote fair competition, and ensure public safety.

Related terms

Antitrust Laws: Antitrust laws are regulations designed to prevent monopolies and promote competition in the marketplace.

Consumer Protection: Consumer protection refers to measures taken by the government to safeguard consumer rights and ensure fair treatment from businesses.

Occupational Safety and Health Administration (OSHA): OSHA is a federal agency responsible for setting standards and regulations regarding workplace safety and health.