Government regulations affect economic policies by setting standards that influence market behavior, competition, and consumer protections. Regulations can promote fair trade and protect public health, but they can also impose costs that impact business operations. Striking a balance between necessary oversight and economic growth is crucial for policymakers aiming to create a stable and thriving economy. Additionally, regulatory frameworks may evolve in response to societal needs or crises, further shaping the economic landscape and influencing long-term development goals.