Final answer:
Regulatory law, also known as administrative law, refers to the set of rules and regulations that govern the activities of administrative agencies. These agencies issue rules and regulations to implement and enforce statutes.
Step-by-step explanation:
Regulatory law, also known as administrative law, refers to the set of rules and regulations that govern the activities of administrative agencies. These agencies, which are part of the executive branch of government, issue rules and regulations to implement and enforce statutes. Regulatory law allows the government to restrict or prohibit certain behaviors among individuals and corporations.
For example, the Occupational Safety and Health Administration (OSHA) is a regulatory agency responsible for ensuring worker safety in the United States. It issues regulations that require employers to provide a safe and healthy workplace for their employees. The Food and Drug Administration (FDA) is another regulatory agency that ensures the safety and effectiveness of food and drugs.
In summary, regulatory law is the body of rules and regulations that govern the activities of administrative agencies and their implementation and enforcement of statutes.