> 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.
The definition was provided by linking to the description on the Cambridge dictionary.
The examples were likely provided because it's often easier to understand a definition with additional examples.