Licensing and regulations refer to the legal requirements that individuals or businesses must meet to operate in specific industries. These rules are designed to ensure safety, quality, and compliance with local, state, or federal laws. For example, professionals like doctors and lawyers must obtain licenses to practice, demonstrating their qualifications and adherence to ethical standards. Regulatory bodies, such as the Food and Drug Administration (FDA) or Environmental Protection Agency (EPA), oversee compliance in various sectors. They establish guidelines and conduct inspections to ensure that businesses follow the law. Non-compliance can result in penalties, including fines or loss of license, emphasizing the importance of adhering to these regulations.