Regulated market

A regulated market or controlled market, is a market where the government controls the forces of supply
and demand, such as who is allowed to enter the market or what prices may be charged. [1] It is common for
some markets to be regulated under the claim that they are natural monopolies. For example,
telecommunications, water, gas or electricity supply. Often, regulated markets are established during the
partial privatisation of government controlled utility assets.
A variety of forms of regulations exist in a regulated market. These include controls, oversights, antidiscrimination, environmental protection, taxation and labor laws.
In a regulated market, the government regulatory agency may legislate regulations that privilege special
interests, known as regulatory capture.

A medium for the exchange of goods or services over which a government body exerts a level of
control. This control may require market participants to comply with environmental standards, productsafety specifications, information disclosure requirements and so on.
The market for both prescription and over-the-counter drugs is an example of a regulated market.
The Food and Drug Administration (FDA), a federal government body, tightly controls what drugs may
be sold on the market, how they may be advertised, for what conditions they may be prescribed and
more.