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Industry self-regulation

process whereby members of an industry, trade or sector of the economy monitor and influence their own adherence to legal, ethical, or safety standards

Pronunciation
/ˈɪndəstri sɛlf - rɛɡjʊˈleɪʃən/
/ˈɪndəstri sɛlf - ˌrɛɡjəˈleɪʃən/