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Moreover, smart regulation encourages a principles-based approach rather than a strict adherence to prescriptive rules. This flexibility allows businesses to innovate while still meeting regulatory objectives. For instance, in the field of environmental regulations, a principles-based framework may focus on achieving specific sustainability outcomes rather than dictating the exact methods businesses must use to reach those goals. This empowers companies to pursue innovative solutions that might not yet exist while still holding them accountable to important environmental standards.
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Moreover, the design of these valves must consider various factors, including the type of fluid handled, operating temperature, and the specific installation environment. Different types of PRVs, such as spring-loaded, pilot-operated, and rupture disk designs, offer unique advantages for different applications. For example, spring-loaded valves are simple and cost-effective, making them suitable for many low-pressure applications. In contrast, pilot-operated valves are ideal for high-pressure systems due to their enhanced accuracy and reliability.
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