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3 Cards in this Set
- Front
- Back
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What is regulation |
Rules on how a business operate, often in the form of government intervention in markets |
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Reasons for regulations |
Creates standards and ethical frameworks Protects small companies against larger companies and unfair competition Ensures minimum standards are met Ensures fair prices |
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Five regulating bodies in industry |
Ofsted, Ofwat, Ofqual, Ofcom, Ofggen |
