A regulated market is a term used to describe a marketplace that is characterized by specific legal rules, regulations, and requirements that govern how transactions are conducted. A closely related term is a controlled market, which refers to an environment in which the government or some other regulatory body has a significant amount of control over the supply and demand of certain goods or services. Other synonyms that could be used to describe a regulated market include a supervised market, a monitored market, a standardized market, and a carefully managed market. In general, all of these terms are used to describe an environment in which the behavior of participants is restricted in a way that is intended to promote fairness and protect consumers.