In mixed market economies, regulations are typically created by a combination of government entities and regulatory agencies. These bodies are responsible for overseeing various sectors of the economy to ensure fair competition, consumer protection, and adherence to safety standards.
The government plays a crucial role by enacting laws that set the framework within which businesses operate. This includes labor laws, environmental regulations, and trade policies. Additionally, independent regulatory agencies, such as the Securities and Exchange Commission (SEC) or the Environmental Protection Agency (EPA), focus on specific areas to enforce compliance and protect public interests.
Ultimately, the interaction between government and regulatory bodies facilitates a balanced approach to regulation, catering to both economic growth and the safeguarding of societal values.