Definition
Regulation Definition
Regulation refers to a set of rules, guidelines, or laws established by authorities to govern and control various aspects of activities within a specific industry, sector, or society. These regulations are designed to ensure compliance, promote fairness, protect the interests of stakeholders, maintain order, and address potential risks or harms. Regulation serves as a framework that outlines standards, requirements, and restrictions to govern the behavior, practices, and operations of individuals, organizations, or institutions. It aims to establish a level playing field, protect consumers, maintain stability, and achieve specific social, economic, or environmental objectives.
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