True or false: The objective of regulation is consumer protection. Question 3 options: True False

The statement "The objective of regulation is consumer protection" is generally regarded as True.

Explanation:

Regulation refers to the rules and guidelines established by governmental or regulatory bodies to control how businesses operate in various industries. One of the primary objectives of these regulations is indeed consumer protection. This can encompass a wide range of areas, including safeguarding consumers from unsafe products, misleading advertising, and unfair business practices.

In addition to consumer protection, regulation can also aim to ensure fair competition, maintain market integrity, protect the environment, and uphold labor standards. However, the core premise often circles back to ensuring that consumers are not exploited or harmed in the marketplace. Thus, while regulations serve multiple purposes, consumer protection remains a key focus, emphasizing the importance of safeguarding individual rights and well-being in economic transactions.

Given these points, the correct response is True.