Deregulation: Deregulation refers to the removal or reduction of government regulations on an industry or market. This allows businesses more freedom but also carries risks such as decreased consumer protection.
Compliance: Compliance is the act of following or adhering to specific laws, rules, or regulations set forth by the government. It ensures that businesses operate within legal boundaries.
Occupational Safety and Health Administration (OSHA): OSHA is a government agency responsible for enforcing workplace safety regulations. It sets standards and conducts inspections to protect workers from hazards in various industries.