Question

A ___ enforces government regulations in a specific area of the economy

Answer 1

The correct answer is the regulatory agency.

A regulatory agency enforces government regulations in a specific area of the economy.

Further Explanation:

Regulatory agency:

There gulatory agency is a government authorized agency which helps in regulation of the policies and laws. It protects the interest of the consumers. It helps the consumers from getting violated. The agency makes customers aware of things. The regulatory agency has an autonomous authority to regulate and manage the problems of the customers and the main objective is to make them aware of the fraudulent activities.

Therefore, the regulatory agency enforces government regulations in a specific area of the economy.

Learn More:

1. Economics Elasticity  

brainly.com/question/2396092

2. Demand and type of goods  

brainly.com/question/11220857

3. Revenue from property taxes  

brainly.com/question/2689578

Answer Details:

Grade: High school

Chapter: Regulatory agency

Subject: Business studies

Keywords:

A regulatory agency enforces government regulations in a specific area of the economy, the regulatory agency is a government authorized agency which helps in regulation of the policies and laws. It protects the interest of the consumers. It helps the consumers from getting violated. The agency makes customers aware of things. The regulatory agency has an autonomous authority to regulate and manage the problems of the customers, make them aware, of the fraudulent activities.

Answer 2

The correct answer is regulatory agency .

Regulatory agency is termed as government agency or public authority which is known to exercise autonomous authority.

They are being set to enforce standard and safety which protects consumer who are in a market which lacks effective competition.

A good example of a regulatory authority is medicines and health products agency and Drug and administration agency.

Regulation agency deals with secondary legislation , regulate laws, rule making and administrative law.