Regulation and Policy

Regulation refers to rules and laws set by government authorities to control specific activities, ensuring safety, fairness, and public welfare. Policy is a guiding principle or plan adopted by organizations or governments to achieve desired outcomes and set priorities. While regulation enforces standards and compliance, policy provides the framework for decision-making and strategy. Both shape how things are done within society, influencing businesses, individuals, and institutions to operate responsibly and in alignment with broader societal goals.