Economics B A-Level
Regulation
What Regulation means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Regulation
Check what you remember
Read the wording for your board, then hide it and explain Regulation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The monitoring and enforcement of rules by appointed bodies such as the Environment Agency.
Topics that use Regulation
- Government intervention and failure (Pearson Edexcel A-Level)
Related terms
- Government failure
- Indirect taxation
- Information gaps
- Resource allocation
- Social welfare
- Economic efficiency
- Legislation
- Unintended consequences
Using Regulation in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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