Government Regulation

Government Regulation
An examination of government regulation, its definition, application, and impacts within economics.
Office of Fair Trading
The Office of Fair Trading (OFT) was the UK government body responsible for administering competition policy from 1973 to 2014.
Planning Permission
Permission granted by authorities to use land for specific purposes, often increasing land values when transferred to more profitable uses.
Social Market Economy
A term describing an economic system that blends market-based private ownership with significant government intervention in the form of public services and social security.