Question

What is definded as the government requiring business to perform spacific procedures

Answer 1

Regulation is defined as the government requiring business to perform specific procedures.

Explanation:

Regulation means that to do certain procedures by the government, it requires some kind of businesses. These regulations contain a set of proper rules and regulations which the government needs to follow if it wants to run the business.

The motives and the aims of such business which is being run should be welfare of the people and their betterment and the stability of the market should be achieved. These rules and regulations help the business to be in proper law order and in discipline.