Social Regulation

Social regulation refers to government policies aimed at protecting the public's well-being and ensuring fair practices in society. This includes regulations related to health, safety, environmental protection, labor rights, and consumer protection. The goal is to safeguard individuals and communities from potential harms, such as pollution, unsafe working conditions, or dishonest business practices. Unlike economic regulation, which primarily focuses on regulating industries for competition and pricing, social regulation emphasizes the protection of social values and public interests. Ultimately, it seeks to promote a fair and safe environment for everyone.