Regulation

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A Regulation is the formulation and issuance by authorized agencies of specific rules or regulations, under governing law, for the conduct and structure of a certain industry or activity.

Courts have affirmed a general authority by government to regulate business, with important limitations on that authority.[1]

Sources

http://usinfo.state.gov/products/pubs/oecon/chap12.htm

References

  1. http://supreme.justia.com/constitution/amendment-14/11-regulation-of-businesses.html
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