A type of control that governments and other public sector bodies, including supranational organizations, may have by virtue of their wide ranging powers to establish and enforce, if possible, a regulatory framework and other guidelines under which entities operate. These powers allow regulatory and supervisory bodies to impose and/ or enforce conditions or sanctions on the operations of such entities.
However, regulatory control does not usually give rise to that type of power over an entity whereby regulatory and supervisory bodies could direct the relevant activities of such entities by having existing rights in specific aspects of its operations/ activities.
Examples of the regulations that governments and other public sector bodies may set and roll out are those designed to protect the well-being (health and safety) of a community, restrict the trade of harmful goods/ services or develop pricing policies for specific market abnormal behaviors (e.g., monopoly, price manipulation, etc.)
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