Industry Regulation

Industry regulation refers to the rules and laws established by government bodies to ensure that companies operate fairly, safely, and responsibly. These regulations protect consumers, the environment, and the economy by setting standards for products, services, and business practices. They can cover various aspects, such as safety, quality, pricing, and competition. Regulatory agencies monitor compliance and can impose penalties on companies that violate the rules. The goal is to create a balanced market where businesses can thrive while safeguarding public interests.