A Governmental Entity refers to a specialized unit or organization established by a country's government to carry out specific functions or provide services to its citizens. These entities can be at the national, state, or local level and can include agencies, authorities, boards, commissions, and other public bodies.

In the economy industry, governmental entities are essential for creating, implementing, and enforcing regulations and policies that impact businesses and consumers. They play a critical role in ensuring that businesses operate fairly and competitively, protecting consumers from harmful products and practices, and supporting economic growth and development.

For example, the U.S. Securities and Exchange Commission (SEC) is a federal governmental entity that regulates the securities markets and protects investors. It oversees public companies, investment advisors, and broker-dealers to ensure they follow rules and regulations designed to promote transparency and prevent fraud. The Federal Reserve Board is another important governmental entity that helps regulate the economy by setting monetary policy, overseeing banks, and promoting a stable financial system.

Overall, governmental entities are critical for maintaining a healthy and functioning economy industry. They provide oversight, protection, and support to businesses, consumers, and investors, ensuring that everyone plays by the rules and benefits from a thriving economy.