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The ideal goal of economic regulation is to ensure that a safe and appropriate service is delivered, while not discouraging the effective functioning and development of businesses.

Not all types of regulation are government-mandated, and some professional industries and corporations choose to adopt self-regulating models.[2] There can be internal regulation measures within a company which work towards the mutual benefit of of all members. Often, voluntary self-regulation is imposed in order to maintain professionalism, ethics, and industry standards.