Regulated market

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A regulated market or controlled market, is the provision of goods or services that is regulated by a government appointed body. The regulation may cover the terms and conditions of supplying the goods and services and in particular the price allowed to be charged. It is common for a regulated market to control natural monopolies such as aspects of telecommunications, water, gas and electricity supply. Often regulated markets are established during the privatisation of government controlled utility assets.

A variety of forms of regulations exist in a regulated market. These include controls, oversights, anti-discrimination, environmental protection, taxation and labor laws.^[1] This may cause red tape, high regulatory costs, and create barriers to entry, thus increasing the tendency for monopolies and oligopolies to form.^{[citation needed]}

In a regulated market, the government regulatory agency may legislate regulations that privilege special interests, known as regulatory capture.

[edit] See also

• Regulatory capitalism
• Mixed economy
• Better Regulation Commission
• Bureaucracy
• Code of Federal Regulations
• Deregulation
• European Union directive
• European Union regulation
• Market failure
• Red tape
• Regulation
• Regulatory capture
• Regulatory economics
• Regulatory taking

[edit] References

1. ^ Does Capitalism need Adjustment