Answer:
Government regulation of industry is local, federal or state government control of individual or firm behavior via the mechanisms of setting the prices or controlling the quantity and quality of goods and services produced. E.g. setting rates for electricity service. E.g. setting quality standards for auto seat belts. Workplace safety laws are enforced by the Occupational Safety and Health Administration (OSHA). Social Security benefits are funded by a payroll tax on employees and employers. Unemployment insurance benefits are offered through a joint federal-state program.
Step-by-step explanation: