Social regulation differs from industrial regulation in that:

A) social regulation applies to virtually all industries,while industrial regulation applies to a restricted number.
B) industrial regulation is involved in the details of the production process,while social regulation is not.
C) social regulation has expanded less rapidly in recent years than has industrial regulation.
D) industrial regulation regulates products whereas social regulation regulates prices.

Social Regulation

Rules and standards imposed by governments to protect public welfare, including health, safety, and the environment.

Industrial Regulation

This term pertains to government rules and laws aimed at supervising and controlling industry practices to ensure fair competition, quality standards, and consumer protection.

Production Process

The method or series of actions taken to manufacture goods or provide services, involving various stages of production from raw materials to finished products.