regulation

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Regulation

The set of rules and legislation governing certain actions. For example, the U.S. Tax Code and the rules the IRS publishes regulate federal taxation in the United States. In securities, regulations often require companies to disclose their actions to see to it that as much information as possible is publicly available. Other regulations govern business practices; for example they may set minimum or maximum wages and salaries, prohibit discrimination on certain grounds, and/or ban certain policies or practices deemed unfair for consumers or competitors. While nearly everyone agrees that some regulations are necessary, there is significant disagreement as to how many and what kind. Proponents of more regulation state that it ensures a fair market place and sustainable growth, while critics argue that many regulations do more harm than good.

regulation

the control of economic activities by the government or some other regulatory body, for example an industry trade association. Regulation can include PRICE CONTROLS to regulate inflation; FOREIGN EXCHANGE CONTROLS to regulate currency flows; and COMPETITION POLICY to regulate the operation of particular markets. More specific regulation may be imposed upon individual industries or activities, for example price control of denationalized industries (e.g. Oftel, which regulates telecommunication prices and Of gas which regulates gas prices in the UK); and the regulation of financial services by the BANK OF ENGLAND and the FINANCIAL SERVICES AUTHORITY. See DEREGULATION, RATE OF RETURN REGULATION.

regulation

the control of economic activities by the government or some other regulatory body, for example, an industry trade association. Regulation can include PRICE CONTROLS to regulate inflation, FOREIGN EXCHANGE CONTROLS to regulate currency flows, and COMPETITION POLICY to regulate the operation of particular markets. More specific regulation may be imposed upon individual industries or activities, for example, price control of privately owned PUBLIC UTILITIES (for example, Oftel, which regulates telecommunication prices in the UK), and the regulation of financial services by the BANK OF ENGLAND and the FINANCIAL SERVICES AUTHORITY.

There is a danger that regulators appointed to serve the interests of customers will instead serve the interests of the regulated firms (a so-called situation of‘regulatory capture’). This is particularly likely to occur when appointed regulators work with specific managers in regulated firms for a long time and are influenced by the public relations and lobbying activities of firms.

See DEREGULATION.

References in periodicals archive ?
However, there has been little change in Americans' views of government regulation of business this year, perhaps because it is too soon for the effects of Trump's policies to be felt, or because Americans are not highly familiar with Trump's actions on regulations.
Because many retail investors may lack the ability to evaluate counterparties and transactions effectively, some type of government regulation of off-exchange transactions may be necessary to protect them against unrecoverable losses from fraud or dealer insolvencies.
Less than a quarter of Americans have perceived in the last two years that there is too little government regulation of business and industry, while slightly more have said regulation is about right.
While a sizable gap remains between Republicans and Democrats as to whether there is too much government regulation of business and industry, the divide narrowed slightly to 47 points this year from its peak of 62 points in 2011.
We know the government regulations are going to be in the game forever.
Bacall and Roy Levit are small businesspeople who bear the brunt of the good ideas gone bad embedded in government regulation - cost, daily frustration, and demoralization.
26-27 measured the American public's overall views toward government regulation of business.
Instead the newer pattern is to preach the virtue of markets in the abstract, and then to insist that government regulation of private enterprises is necessary to correct the legion of supposed market failures that arise in complex market institutions.
I suspect he ditched Jefferson because calling for greater government regulation of the press and more government suppression of speech was something few people would accept as a Jeffersonian principle.
Unfortunately, courts have too often, for instance, found that government regulation of the human right to own property in land may proceed unhindered so long as some discernible sliver of value remains to the landowner.
Local Government Regulations 2012 was a good step towards reformation in the tribal region, but also pinpointed flaws saying that instead of empowering public representatives and their local councils and transferring them all political, administrative and financial powers all these powers have been given to political administration or bureaucracy.
Responsible resident-directed care is not without limits--limits including defined standards of care, compliance with government regulations, and practical constraints on the capacity of the particular facility to accommodate individual preferences.

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