Rules made by executive departments and agencies to fulfill executive or legislative mandates.
Proponents of market regulation argue that private citizens, government officials, and businesses require clear and fair rules for a functional country. They believe that abuses of power and unchecked exploitation of people and resources would flourish without regulation.
Proponents of market deregulation denounce rules as irrational impediments to profits, economic efficiency, and job creation. They also suggest regulations diminish constitutional principles of freedom and liberty.
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