Product regulation refers to the set of laws and guidelines that govern the safety, quality, and effectiveness of products available in the market. These regulations are designed to protect consumers from harmful or defective products and ensure that items meet specific standards before they can be sold. Regulatory bodies, such as the Food and Drug Administration (FDA) in the United States, play a crucial role in overseeing these processes. In addition to consumer safety, product regulation also promotes fair competition among businesses. By establishing clear rules, regulations help prevent misleading advertising and ensure that companies provide accurate information about their products. This fosters trust between consumers and manufacturers, ultimately benefiting the economy and society as a whole.