Meaning of “regulated industry” in the English Dictionary

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"regulated industry" in Business English

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regulated industrynoun [ C ]

uk us GOVERNMENT, LAW

a type of business that is controlled by government rules:

This applies to workers in regulated industries, such as teaching or financial services.
The nuclear industry is the most highly regulated industry in the world.

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(Definition of “regulated industry” from the Cambridge Business English Dictionary © Cambridge University Press)