Which type of regulation applies to all firms in the economy, as opposed to only covering specific industries?

Question

Quizplus · Accepted Answer

Social regulation applies to all firms in the economy and covers areas such as health and safety, environmental protection, and consumer protection. Economic regulation, on the other hand, focuses on specific industries such as telecommunications or transportation, while rate regulation refers to regulating the prices of specific goods or services. Statutory regulation refers to any regulation that is mandated by law, but it does not necessarily apply to all firms in the economy.

Which Type of Regulation Applies to All Firms in the Economy