Business Ethics and Politics
Regulatory impact analysis (RIA) is a systematic approach used by governments to evaluate the potential effects of proposed regulations before they are enacted. This process involves assessing both the economic and social impacts, helping policymakers understand the benefits and costs associated with new regulations, thereby guiding decision-making. RIA aims to ensure that regulations are effective, efficient, and aligned with public policy goals while minimizing unintended consequences.
congrats on reading the definition of regulatory impact analysis. now let's actually learn it.