Regulation

Regulation refers to a set of rules, guidelines, or laws established by an authority or governing body to control, manage, or direct behavior within a specific context, such as industry, economy, or public health. It aims to ensure compliance, maintain standards, protect the public interest, and promote fairness in various activities. Regulations can be enacted through legislation or administrative procedures and are typically enforced by designated regulatory agencies. They can cover a wide range of areas including environmental protection, financial practices, safety protocols, and consumer rights, and may vary significantly between different jurisdictions. Overall, the purpose of regulation is to create order and stability while mitigating risks associated with certain actions or industries.