the regulation approach

The regulation approach refers to the methods and rules designed by governments or organizations to control and guide behaviors within specific industries or areas, ensuring safety, fairness, and compliance with laws. It often involves setting standards, monitoring activities, and enforcing penalties for violations. The aim is to protect public interests, such as health, the environment, and fair competition, by creating a structured framework in which businesses and individuals operate. This approach balances the need for oversight with the necessity of allowing innovation and growth in various sectors.