Regulation

• When does regulation occur?

  Regulation occurs when the government seeks to provide effective competition within markets.
• Why does the government think that regulation is a good idea?

  The government believes that this will protect the interests of the consumers so that they are not exploited by firms.
• What will effective regulation lead to?

  Effective regulation will lead to greater choice and lower prices.
• Where does regulation take place?

  Regulation tales place in a number of industries such as telecoms, water, and energy.
• What is a key reason for regulation?

  A key reason for regulation is to create conditions for continued investment in infrastructure in important areas of the economy.