Regulatory policy refers to the guidelines and rules established by government agencies to control and manage various sectors of the economy and society. These policies aim to protect public interests, ensure safety, and promote fair competition. They can cover a wide range of areas, including environmental protection, consumer safety, and financial regulations, impacting businesses and individuals alike. The development of regulatory policy often involves research, public input, and analysis to assess potential impacts. Agencies like the Environmental Protection Agency (EPA) or the Securities and Exchange Commission (SEC) play crucial roles in implementing these policies, ensuring compliance, and enforcing regulations to maintain order and protect citizens.