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Thursday, May 18, 2006

Regulation Definitions

Let us consider some generalises definitions for regulations
  • In the context of government and public services regulation (as a process) is the control of something by rules, as opposed to its prohibition. In economics, it is part of the government relationship with markets, often seen as the opposite of deregulation.
  • The government function of controlling or directing economic entities through the process of rulemaking and adjudication.
  • A governmental order having the force of law
  • A rule or order issued by a federal or state executive-branch department or administrative agency, generally under authority granted by statute, that enforces or amplifies laws enacted by the legislature and has the force of law.

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