When the government creates new laws about employee safety, the government creates regulatory policy.
Governments impose limits on corporate behavior through regulatory policy in an effort to make the market more efficient and equitable. Governments create regulatory policy to put rules and limitations on particular actions or behaviors. Regulation is a notion in administration as well as a set of governing norms.
The regulation of economic and social behaviors has been carried out by both government and non actors. Regulation-related worries might occasionally be paradoxical. On one side, regulations have been seen as obstacles to and restraints on a market and corporate climate that are competitive.
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