regulatory reforms

Regulatory reforms involve updating or changing laws and rules that govern industries and markets to improve efficiency, ensure safety, and promote fair competition. These reforms can include reducing unnecessary regulations, introducing new standards, or streamlining processes. The goal is to create a business environment that encourages innovation and growth while protecting consumers, workers, and the environment. By adapting regulations to current conditions, governments aim to make markets more effective and responsive, benefiting overall economic stability and public welfare.