Why rules and regulations is important for development

1.	Why rules and regulations is important for development
Answer» Regulations\xa0are indispensable to the proper function of economies and societies. They create the “rules\xa0of the game” for citizens, business, government and civil society. They underpin markets, protect the rights and safety of citizens and ensure the delivery of public goods and services.\xa0In the most basic sense, the benefits of\xa0rules and regulations\xa0in business are that they protect the company. By protecting employees, you protect the company from lawsuits. Following\xa0rules and regulations\xa0help employees understand what is expected of them and what will happen if they violate the\xa0rules.

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