Regulatory Instruments
Regulatory instruments are tools used by governments and organizations to implement and enforce laws and regulations. They help ensure compliance with standards and policies, guiding behavior in various sectors such as environmental protection, public health, and financial markets. Common types of regulatory instruments include laws, regulations, and guidelines.
These instruments can be categorized into different types, such as command-and-control measures, which set specific requirements, and market-based approaches, which use economic incentives to encourage compliance. By utilizing these tools, authorities aim to achieve desired outcomes while balancing the interests of stakeholders, including businesses and the public.