Government regulation refers to the rules and laws established by authorities to control and guide the behavior of individuals and organizations. These regulations are designed to protect public interests, ensure fair competition, and promote safety and welfare. Examples include environmental regulations and financial regulations that govern how businesses operate.
The implementation of government regulation can vary widely across different sectors and countries. Regulatory bodies, such as the Environmental Protection Agency in the United States, are responsible for enforcing these rules. Effective regulation can lead to improved public health, economic stability, and environmental protection, while excessive regulation may stifle innovation and growth.