Regulatory systems are frameworks established by governments or organizations to create and enforce rules and standards. These systems ensure that industries operate safely, ethically, and in compliance with laws. They cover various sectors, including healthcare, finance, and environmental protection, aiming to protect public interests and maintain order. These systems often involve agencies or bodies, such as the Food and Drug Administration (FDA) or the Environmental Protection Agency (EPA), which monitor compliance and address violations. By setting guidelines and conducting inspections, regulatory systems help prevent harm and promote fairness in the marketplace, benefiting both consumers and businesses.