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The national mercantilist systems of the 18th century provided for. Web regulation of the economy. A regulated market is a market over which government bodies or, less commonly, industry or labor groups, exert a level of oversight. Web what is a regulated market? Government regulation of economic life is not a new development. The national mercantilist systems of the 18th century provided for. Web regulations are indispensable to the proper function of economies and societies. Web what is regulation in an economic system? Web regulation is generally defined as legislation imposed by a government on individuals and private sector firms in order to regulate and modify economic behaviors. Web regulation in an economic system is the rules and the enforcement of rules that limit the economic actions of an organization. An economic system encompasses many institutions,.