Regulation
Regulation: an omnibus term covering all overt and covert actions or procedures instituted by governments with a view to influencing industry or customers of an industry in a particular manner. Government regulation may be imposed in order to correct perceived market failure or to redistribute income for the public good. Regulation may also refer to a system of rewards and penalties designed to influence the behaviour of firms and consumers. Other types of regulation include measures such as safety and environmental standards, market entry restrictions and price controls. Analysts of regulatory activities sometimes divide them into three categories: economic regulation (aimed at improving the efficiency of markets), social regulation (aimed at influencing the way companies approach social values and rights), and administrative regulation (aimed at improving the administrative efficiency of government agencies and to support governmental activities). In European Community legislation a regulation is an act binding all member states directly. See also deregulation, privatization, prudential regulation and re- regulation.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
If you are the author of the text above and you not agree to share your knowledge for teaching, research, scholarship (for fair use as indicated in the United States copyrigh low) please send us an e-mail and we will remove your text quickly. Fair use is a limitation and exception to the exclusive right granted by copyright law to the author of a creative work. In United States copyright law, fair use is a doctrine that permits limited use of copyrighted material without acquiring permission from the rights holders. Examples of fair use include commentary, search engines, criticism, news reporting, research, teaching, library archiving and scholarship. It provides for the legal, unlicensed citation or incorporation of copyrighted material in another author's work under a four-factor balancing test. (source: http://en.wikipedia.org/wiki/Fair_use)
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
The following texts are the property of their respective authors and we thank them for giving us the opportunity to share for free to students, teachers and users of the Web their texts will used only for illustrative educational and scientific purposes only.
All the information in our site are given for nonprofit educational purposes
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
www.riassuntini.com