Rules ensuring that businesses offer safe products to consumers are part of a nation’s:

Rules ensuring that businesses offer safe products to consumers are part of a nation’s:

a. trade policy.

b. monetary policy.

c. regulatory policy.

d. fiscal policy.

Answer: c. regulatory policy.

Laws that govern the ways by which firms provide their consumers with safe goods are aspects of a nation’s regulatory law. These are strategies drawn by authorities geared to control specified sectors in economic and social spheres within a given country. These regulations are implemented with the purpose of aversion of harm that might come to the consumers, fairness in competition as well as the promotion of general welfare. Corporate governance codes are also civil law as they contain rules of conduct as well as the responsible business’s organizational structures for ensuring that proper procedures are followed to safeguard consumers. Regulatory policies are among the broad legal practices implemented in various economic sectors to ensure environmental conservation, promotion of safety standards at workplaces, financial market regulation, and consumer protection. Through the implementation of legal measures, governments aim to meet the expectations of encouraging economic growth and protecting individuals’ and consumers’ rights at the same time.