Why rule and regulations is important for development plz anyone help

1.	Why rule and regulations is important for development plz anyone help me
Answer» Answer:\tThese could be for the protection of workers in the unorganised sector.\tThese are needed to protect people from high interest rates charged by moneylenders.\tRules and regulations are also required for protecting the environment.\tSimilarly, rules and regulations are required for the protection of the consumers in the marketplace.

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