Definition of 'Regulated Market'
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, product-safety 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.
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