BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Regulatory Law deals with procedures established by federal, state, and local administrative agencies, as opposed to laws created by the legislature (statutory laws) or by court decisions (case law).

Detailed explanation-2: -A rule of order having the force of law, prescribed by a superior or competent authority, relating to the actions of those under the authority’s control. Regulations are issued by various federal government departments and agencies to carry out the intent of legislation enacted by Congress.

Detailed explanation-3: -Some of the important regulatory laws in india are: 1. The Factories Act, 1948, 2. The Industrial Disputes Act, 1947, 3. The Minimum Wages Act, 1948, 4.

Detailed explanation-4: -Regulatory agencies serve two primary functions in government: they implement laws and they enforce laws.

Detailed explanation-5: -Laws are rules that are enacted by governing body, while regulation is the process of monitoring and enforcing the rules. Laws are actually rules and guidelines that are set up by the social institutions to govern behavior.