Regulatory Impact Assessment (RIA) is a systematic process used by governments to evaluate the potential effects of proposed regulations. It helps policymakers understand the economic, social, and environmental impacts of their decisions before implementation. By analyzing costs, benefits, and alternatives, RIA aims to ensure that regulations are effective and efficient. The RIA process typically involves stakeholder consultations, data collection, and impact analysis. This approach promotes transparency and accountability in regulatory decision-making. Ultimately, RIA supports better governance by helping to create regulations that achieve desired outcomes while minimizing negative consequences for individuals and businesses.