Refers to the government directives, laws, and regulations that aim to promote competition, manage monopolies and prevent anti-competitive practices in the market
Consumer Protection
The aim is to ensure fair business conduct by prohibiting practices that restrict competition and imposing penalties on firms that breach guidelines
Environmental Policies
Governments influence use of alternative resources by giving incentives to reduce fossil fuel usage. Regulations may be set on how firms act to control damage to the environment due to economic activities
