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Preferred term

reform and regulation  

Definition

  • Regulation can be defined as any attempt by government to control the economic behavior of individuals and corporations. It typically involves the imposition of official standards and rules on some form of business activity, accompanied by an enforcement mechanism and some type of sanction. [Source: Encyclopedia of White-Collar and Corporate Crime; Reform and Regulation]

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https://concepts.sagepub.com/social-science/concept/reform_and_regulation

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