regulatory environment

The regulatory environment refers to the rules, laws, and guidelines set by government agencies and authorities that govern how businesses operate. These regulations ensure safety, fairness, and competition, protecting consumers, workers, and the environment. Companies must follow these rules to legally run their operations, and failure to comply can result in penalties or legal action. The regulatory environment varies by industry and region, evolving over time to address new challenges and technologies. Overall, it creates a framework that promotes responsible business practices and helps maintain order in the marketplace.