Regulation

Regulation refers to rules or guidelines created by governments or official organizations to control how industries, businesses, or individuals operate. Its main purpose is to ensure safety, fairness, and compliance with laws, protecting public interests such as health, the environment, and economic stability. For example, regulations can dictate product safety standards, financial practices, or environmental protections. While some view regulations as necessary for accountability, others argue they can be burdensome. Overall, regulation aims to create a balanced environment where both consumers and businesses can thrive safely and responsibly.