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Sagot :
There are 2 type of regulatory are social and economic regulation
Regulatory:
The term regulatory refers the practices established to control and manage an activity or process.
Given,
Here we need to identify the type of the regulatory.
As per the definition of regulatory, we know that where an entity with power and authority in a certain area formulates rules to influence its operations to ensure that it operates as per the formulated rules.
And the regulatory can also be defined as the principles that an authority puts up to determine the direction a system or process takes based on the statutes laid.
Based on these details, it can be classified as 2 types. They are social and economic regulation.
Where as Social regulation ensures the protection of public interests and social cohesion.
On contrast, economic regulation ensures efficiency by curbing market failure and managing the economy effectively.
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