Regulations and Standards: what is it?

Cambridge Advanced Learner's Dictionary defined regulation as an official rule or the act of controlling, and standard as a level of quality, with this we can define Regulations and Standards as an official rule or the act of controlling the level of quality. The above definition implies that Regulations and standards are set by an Authoritative body; it can be a government, special interest group, organization or an enterprise with expert knowledge that is highly regarded within the industry. In essense, Standards are documented, voluntary agreement which establish important criteria for products, services and process to ensure that they meet their defined purpose and are comparable and compatible.
Regulations and standards exists in several industries, however the focus of this blog is on regulations and standards for Wireless Communication with emphasis on WiMax Technology.