Regulatory Agencies
Definition
These are public authorities or government agencies responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.
Analogy
Regulatory agencies are like referees at sports games. They enforce rules (regulations) that ensure fair play within certain sectors (the game).
Related terms
Federal Reserve System: The central bank of the United States, which regulates the U.S. monetary and financial system.
Environmental Protection Agency (EPA): An agency of the United States federal government whose mission is to protect human and environmental health.
Securities and Exchange Commission (SEC): A U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
"Regulatory Agencies" appears in:
Study guides (1)
Practice Questions (1)
- What is one way that the discretionary authority of regulatory agencies can impact economic policy?
Resources
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