The major aim of government regulation is to

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The major aim of government regulation is to alter industry behavior. Government regulation is imposed to ensure that industries behave responsibly, ethically and sustainably. The regulation can take many forms, including laws, policies, and directives, and is typically designed to protect consumers from abuse, ensure fair competition, and promote public safety. The regulation may involve enforcing minimum wage laws, regulating the terms of business contracts, or even setting industry-wide standards for quality and safety. The ultimate goal of government regulation is to create an environment in which businesses can prosper while also meeting the needs of society as a whole.

The Major Aim of Government Regulation Is to