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A business regulatory framework is a set of laws, regulations, and guidelines established by governments and regulatory bodies to govern how businesses operate. It includes rules on starting and running a business, such as licensing, employment laws, health and safety standards, environmental regulations, and consumer protection laws. This framework ensures businesses act fairly, responsibly, and transparently, protecting consumers, employees, and the environment. It also helps maintain market order, prevent fraud, and foster healthy competition. Understanding and complying with these regulations is crucial for businesses to operate legally and sustainably.