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Question
a enforces government regulations in a specific area of the economy. private business financial institution regulatory agency
A regulatory agency is a government - created entity. Its main function is to enforce government regulations within a particular economic sector. Private businesses are profit - seeking entities owned by private individuals or groups and are not in the business of enforcing government regulations. Financial institutions, such as banks and insurance companies, deal with financial transactions and services and do not have the mandate to enforce government regulations in a broad economic area.
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regulatory agency