Why is government regulation an indispensable institutional arrangement in modern market economy?

An important part of this country. Government regulation, also known as government regulation and government supervision, has the same meaning, that is, the government uses public power to restrict and regulate the behavior of individuals and organizations by making certain rules or taking certain actions. Government regulation is an indispensable institutional arrangement in modern market economy. Because it is an important part of the country, it is the government's regulation and restriction on microeconomic entities in order to achieve a certain public policy goal.