Economic Regulation
/ˌiːkəˈnɒmɪk ˌrɛɡjʊˈleɪʃən/
Definitions
- (n.) Governmental or regulatory oversight and control of economic activities and markets to promote competition, protect consumers, and stabilize the economy.
The agency's economic regulation ensures fair pricing in the telecommunications industry.
Related terms
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Commentary
Economic regulation often balances market efficiency with social welfare objectives and typically involves sector-specific rules.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.