Regulation

Discipline: Economics

Regulation refers to governmental control over economic affairs, usually in order to ensure stability or protect consumers.

Regulation is often a response to the abuses of monopolies and price-fixing.

Also see: deregulation, economic liberalism, laissez-faire, mercantilism, new classical macroeconomics, physiocracy

Source:
M A Utton, The Economics of Regulating Industry (Oxford, 1986)

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