{ bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, { bidder: 'appnexus', params: { placementId: '11654174' }}, The U.S. Government has instituted a major new initiative to regulate emerging technology, potentially including artificial intelligence, biotechnology, robotics, … }; var mapping_btmslot_a = googletag.sizeMapping().addSize([746, 0], [[300, 250], 'fluid']).addSize([0, 0], [[300, 250], [320, 50], [300, 50], 'fluid']).build(); {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, Government regulation is defined as a law that controls the way a business is allowed to operate. storage: { Janosik, Robert J., ed. Government regulation on marketing and advertising: Every business in the United States must comply with truth-in-advertising laws regulated by the Federal Trade Commission (FTC), as well as comply w… {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600]] } }, var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); var mapping_houseslot_a = googletag.sizeMapping().addSize([963, 0], [300, 250]).addSize([0, 0], []).build(); Government regulation of firms uses the ‘coercive power’ of the state to alter firms' pricing, entry, production, investment, and product choice decisions. regulation the control of economic activities by the government or some other regulatory body, for example, an industry trade association. The purpose of the second is to provide for the fairness of this competition through affirmative as well as negative di… userIds: [{ { bidder: 'appnexus', params: { placementId: '11654149' }}, { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, }); Click on the arrows to change the translation direction. Administrative agencies, often called "the bureaucracy," perform a number of different government functions, including rule making. googletag.cmd.push(function() { } { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, Disagreement over government policy is inevitable in a society where people’s values, opinions, incomes, and interests vary widely, and when the breadth of government has grown substantially. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, While there are many highly specialized types of government regulation on businesses in the U.S., some broad categories apply across most if not all areas of business. 3. type: "cookie", { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, googletag.pubads().setTargeting("cdo_ptl", "entry-mcp"); The many other administrative agencies and departments make regulations to provide clarity and guidance in their respective areas of the law. { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, Water and air quality fall under government regulation, as does the safety and composition of food products. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, googletag.pubads().setTargeting("sfr", "cdo_dict_english"); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, The Role of Government Regulation and Leadership in Increasing Sustainability The views expressed are those of the author and do not necessarily reflect the views of ASPA as an organization. New York: Scribner. } }] var dfpSlots = {}; A rule of order having the force of law, prescribed by a superior or competent authority, relating to the actions of those under the authority's control. Government as a Regulator As a regulator, the government legislature and judicial branch work to protect consumers (the UCC), investors (SOX), workers (labor laws) and the environment. Government Regulation Every facet of daily life, from what cars we drive to what food we eat is subject to government’s regulatory reach. Government regulation costs at least $8,000 per household, and may reduce national output by as much as $1.1 trillion per year. In addition, some environmental laws and regulations apply to tribal government operations. regulation [reg″u-la´shun] 1. the act of adjusting or state of being adjusted to a certain standard. { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, Government, Regulation & Business Ethics . The first is through spending programs. Visit these federal government websites for current information about the coronavirus (COVID-19). pid: '94' 'min': 31, iasLog("criterion : cdo_l = en-us"); { bidder: 'sovrn', params: { tagid: '387233' }}, The Food and Drug Administration, another administrative agency, must keep unsafe food and ineffective drug products off the market, but further administrative refinement and interpretation is necessary for the agency to determine what products are "unsafe" or "ineffective." addPrebidAdUnits(pbAdUnits); The agency then issues a rule or policy that binds the agency in future cases just as statutory law does. The objective of the former is to ensure the existence of competition by prohibiting restrictive contracts, conspiracies, and monopolies. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, 'increment': 0.5, Government regulations also correct inequalities and promote positive liberty, or the opportunity to fill one’s own potential; initiatives, such as Affirmative Action, provide opportunities in education and employment. In administrative rule-making proceedings formal hearings must be held, interested parties must be given the opportunity to comment on proposed rules, and the adopted formal rules must be published in the Federal Register. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, name: "idl_env", { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, "error": true, { bidder: 'sovrn', params: { tagid: '346693' }}, [L. regula, a rule] Medical Dictionary for the Health Professions and Nursing © Farlex 2012 Government regulation is defined as a law that controls the way a business is allowed to operate. government regulation definition: a law that controls the way that a business can operate, or all of these laws considered together: . const customGranularity = { },{ The Impact of Regulations on Electronics Companies Regulations have … type: "html5", { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, } if(pl_p) An extensive empirical literature analyzes the effects of ‘economic regulation’ of price and entry as well as environmental, health, safety, and information regulation. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, { bidder: 'sovrn', params: { tagid: '446381' }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, 'max': 8, Definition of government regulation in the Definitions.net dictionary. googletag.pubads().setTargeting("cdo_ei", "government-regulation"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, ga('set', 'dimension3', "default"); regulation [reg″u-la´shun] 1. the act of adjusting or state of being adjusted to a certain standard. Regulation. The laws can all be considered together in government regulation "loggedIn": false { bidder: 'appnexus', params: { placementId: '11654157' }}, ga('send', 'pageview'); Add government regulation to one of your lists below, or create a new one. { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; iasLog("exclusion label : resp"); if(window.__tcfapi) It also supports the legal framework that supports competition. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, Federal regulations enforcing the EPA's clean air and water laws accounted for the majority of the regulatory benefits to the public estimated over the last decade. 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, 1. the act or process of regulating 2. a rule, principle, or condition that governs procedure or behaviour 3. dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); 4. the biochemical mechanisms that control the expression of genes. },{ { bidder: 'sovrn', params: { tagid: '387232' }}, Tax or direct cost is often the result of government regulation … dfpSlots['btmslot_a'] = googletag.defineSlot('/2863368/btmslot', [[300, 250], 'fluid'], 'ad_btmslot_a').defineSizeMapping(mapping_btmslot_a).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); 'cap': true { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, Congress has also created administrative agencies that exist outside of the executive branch and are independent of presidential control. iasLog("criterion : cdo_tc = resp"); } { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, Learn more. Regulation can include PRICE CONTROLS to regulate inflation, FOREIGN EXCHANGE CONTROLS to regulate currency flows, and COMPETITION POLICY to regulate the operation of particular markets. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; in government, typically regulation means stipulations of the delegated legislation which is drafted by subject-matter experts [citation needed] to enforce primary legislation; in business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set and enforce rules with less government involvement; and, iasLog("criterion : cdo_pc = dictionary"); All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. { bidder: 'appnexus', params: { placementId: '11654208' }}, { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, }); var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); { bidder: 'appnexus', params: { placementId: '11654149' }}, 'buckets': [{ if(refreshConfig.enabled == true) The federal government has two main vehicles for diverting private resources to achieve policy goals. Here are five regulations that can widely affect the delivery and administration of … 'cap': true googletag.pubads().setTargeting("cdo_l", "en-us"); } bidderSequence: "fixed" { bidder: 'appnexus', params: { placementId: '11654208' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, var pbHdSlots = [ bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'appnexus', params: { placementId: '11654157' }}, window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; Regulation is generally undertaken to preserve some public good, like safe drinking water and access to public resources. { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, Encyclopedia of the American Judicial System. },{ name: "_pubcid", { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, 3. the power to form a whole embryo from stages before the gastrula. Here are all the possible meanings and translations of the word government regulation. Because regulations are not the work of the legislature, they do not have the effect of law in theory; but in practice, regulations can have an important effect in determining the outcome of cases involving regulatory activity. window.__tcfapi('addEventListener', 2, function(tcData, success) { The intent it so improve all our lives by preventing unproductive, unfair, or harmful actions. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, window.__tcfapi('removeEventListener', 2, function(success){ Over the years administrative agencies have become more powerful participants in the overall federal government structure as Congress and the president have delegated more legislative and executive duties to them. "sign-out": "https://dictionary.cambridge.org/us/auth/signout?rid=READER_ID" bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, 'increment': 0.05, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, googletag.pubads().set("page_url", "https://dictionary.cambridge.org/dictionary/english/government-regulation"); {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, expires: 365 Regulations are issued by various federal government departments and agencies to carry out the intent of legislation enacted by Congress. Even so, there almost no regulation on the books that isn't helping some businesses, and usually the big ones. iasLog("__tcfapi useractioncomplete or tcloaded ", tcData, success); { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, }; The purpose of much federal regulation is to provide protection, either to individuals, or to the environment. iasLog("exclusion label : wprod"); { bidder: 'appnexus', params: { placementId: '11653860' }}, }, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, Some of the many questions raised are * Is it acceptable for corporations to use their considerable power tp shape government policy? { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, 'cap': true This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, name: "pubCommonId", cmpApi: 'iab', type: "html5", { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, Government regulation differs from government management. Businesses are also regulated by the government, and so is the communications industry. { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, Agencies generally formulate proposed regulations and then open up rule-making proceedings in which interested parties can testify and comment on them. Traditionally, the government has sought to prevent monopolies such as electric utilities from raising prices beyond the level that would ensure them reasonable profits. Learn … googletag.enableServices(); { pbjs.que = pbjs.que || []; { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, The U.S. Government has instituted a major new initiative to regulate emerging technology, potentially including artificial intelligence, biotechnology, robotics, … Or state of being adjusted to a certain standard subsequently arranged by subject in the most comprehensive dictionary resource. 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