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In the field of public policy, regulation refers to the promulgation of targeted rules, typically accompanied by some authoritative mechanism for monitoring and enforcing compliance. Accordingly, for a long time in the United States, for example, the study of regulation has been synonymous with the study of the independent agencies enforcing it.
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BetaRegulatory compliance examples refer to the common types or categories of standards, regulatory requirements, or laws organizations can abide by. Businesses across sectors and industries must adhere to unique regulations, which is why it’s important to understand these examples and know which ones affect their operations.
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BetaExample. A common example of regulation is the environmental standards imposed on the manufacturing sector. These standards might dictate the maximum permissible levels of pollutants that a factory can emit into the air or water. Companies are often required to use specific technologies or processes to minimize environmental damage.
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BetaAgencies create regulations (also known as "rules") under the authority of Congress to help government carry out public policy. Learn about HHS' top regulations
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BetaGovernment also uses regulation to achieve social, environmental and cultural objectives, such as managing risks to public health and safety (the Office for Nuclear Regulation or the Civil Aviation Authority), safeguarding the environment (the Environment Agency or the Office for Environmental Protection), and upholding standards of governance ...
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BetaUnderstanding the Concept of Regulation: A Practical Example. Regulation is a fundamental aspect of various industries and sectors, playing a crucial role in ensuring compliance, safety, and fair practices. To comprehend the concept of regulation better, let’s delve into a real-life example that illustrates its significance. ...
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BetaFor example, a regulation issued by EPA to implement the Clean Air Act might explain what levels of a pollutant - such as sulfur dioxide - adequately protect human health and the environment. It would tell industries how much sulfur dioxide they can legally emit into the air, and what the penalty will be if they emit too much.
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BetaAdvantages. Disadvantages. May lower prices which increases consumer surplus. Individuals or firms may be fined/imprisoned for breaking the rules providing a disincentive to break the rules. E.g. Selling cigarettes to minors is a punishable offence. Fines can generate extra government revenue. Can reduce the external costs of demerit goods. Can lead to positive externalities
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BetaZoning regulations are central to urban planning, determining how land is used within a municipality. These laws separate residential, commercial, industrial, and agricultural areas to ensure compatible activities. For example, zoning laws prevent factories from being built in residential neighborhoods, protecting residents from pollution and ...
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BetaA regulation, or rule, is a general statement issued by an agency, board, or commission that has the force and effect of law. Congress often grants agencies the authority to issue regulations through legislation. Federal regulations specify the details and requirements necessary to implement and to enforce the legislation enacted by Congress.
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