| 单词 | regulation |
| 释义 | regulation The imposition by a government of controls over the decisions of individuals or firms. It often refers to the control of industries in which there is monopoly or oligopoly, in order to prevent firms from exploiting their market power at the expense of the public. Regulation may be seen as an alternative to nationalization. For example, the types of industries that were formerly nationalized in the UK have usually been regulated in the USA. The main vehicle for regulation in the UK is the Competition Commission (formerly the Monopolies and Mergers Commission). Regulation is especially important in the financial services industry. See also: |
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