Trade Regulation
Trade regulation refers to the laws and policies that govern how businesses operate in the marketplace. These regulations are designed to promote fair competition, protect consumers, and prevent monopolies. They can cover various aspects, including pricing, advertising, and product safety, ensuring that companies adhere to ethical practices.
Government agencies, such as the Federal Trade Commission (FTC) in the United States, enforce these regulations. They investigate unfair business practices and can impose penalties on companies that violate trade laws. By maintaining a balanced marketplace, trade regulation helps foster innovation and consumer trust in products and services.