Regulation

Regulation refers to a set of rules or directives made and enforced by an authority to control or govern conduct within certain sectors or activities. It is typically established by governmental bodies to ensure compliance with laws and standards aimed at protecting public interests, such as health, safety, and the environment. Regulations can cover a wide range of areas, including financial practices, environmental protection, and consumer rights. They serve to maintain order, provide guidelines for behavior, promote fairness, and prevent harm by imposing restrictions or obligations on individuals and organizations. In the context of governance and policy, regulation plays a critical role in shaping economic and social frameworks that guide actions and decision-making processes.