Whereas social regulation governs the conditions of doing business in a particular industry, economic regulation addresses the conditions under which goods are produced in a variety of industries.

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Economic regulation typically governs the pricing, entry, and exit of firms in a particular industry, focusing on monopolies and competition, whereas social regulation deals with the broader conditions under which goods and services are produced, including health, safety, and environmental standards across a variety of industries.

Whereas Social Regulation Governs the Conditions of Doing Business in a Particular