Category: Policy and Regulation

Policy and Regulation refer to the frameworks and guidelines established by governments, organizations, or institutions to govern conduct and ensure compliance with certain standards or objectives. A policy is a deliberate system of principles or rules that guide decisions and achieve rational outcomes. Regulations, on the other hand, are specific requirements set forth by authorities to enforce the policies, ensuring that individuals and organizations adhere to the law and best practices. Together, policies and regulations help to create a structured environment that promotes order, fairness, safety, and accountability in various sectors, such as healthcare, finance, environmental protection, and public safety. They are crucial for managing societal issues, promoting welfare, and maintaining the rule of law.