Question

The government of Country C has passed a law protecting the physical safety of factory workers. This is an example of

Answer 1

This is an example of a regulatory policy because it regulates work safety regulations.

Answer 2

The government of Country C has passed a law protecting the physical safety of factory workers. This is an example of regulatory policy.

Regulatory policy refers to all the policies the Government makes to control or regulate business practices. Such regulations aim to contribute to the proper function of economies and societies by achieving social welfare, environmental sustainability, among others.

A law protecting the physical safety of factory workers is a clear example of regulatory policy because it is a work safety regulation aimed to contribute to employees' welfare and security.