Here's that Cambridge dictionary definition: > a type of business that is controlled by government rules And here's the comment that kicked off this sub-threa

Here's that Cambridge dictionary definition: > a type of business that is controlled by government rules And here's the comment that kicked off this sub-thread: > Often the rules that require things of a company have penalties for non-compliance. > [...] > Doesn't mean it is a regulated industry which is actually a very narrow term. So a regulated industry is a type of business that is controlled by government rules, but (per the aforementioned comment) not all businesses which are controlled by government rules are regulated industries. So, again, I think the response of > That’s because restaurants are, believe it or not, also a regulated industry. is a bizarre blend of unhelpful and rude. Perhaps you and I will just have to agree to disagree on that point.