Sure! Let's break down the term "regulatory authority."
Regulatory Authority (noun): This is a government agency or organization that has the power to create rules and regulations to control how businesses operate. Their main goal is to protect the public's interest, making sure that companies follow laws and that people are treated fairly.
When you use "regulatory authority," it is usually in discussions about laws, business practices, or government actions. You can refer to specific regulatory authorities by their names, like "the Environmental Protection Agency (EPA)" or "the Food and Drug Administration (FDA)."
In more advanced discussions, you might talk about the effectiveness of a regulatory authority in enforcing rules or how regulatory authorities interact with businesses.
Regulate (verb): To control or supervise by means of rules or regulations.
Regulation (noun): A rule or directive made and maintained by an authority.
While "regulatory authority" specifically refers to government agencies, the term "authority" on its own can mean: - The power to give orders, make decisions, or enforce obedience. - Example: "She has the authority to approve the budget."
There aren't specific idioms or phrasal verbs directly related to "regulatory authority," but you might encounter phrases like: - To crack down on: To take strict measures to enforce rules. - Example: "The regulatory authority decided to crack down on companies that violate labor laws."
A "regulatory authority" is an important part of how governments ensure that businesses act responsibly and in the best interest of the public.