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20 June, 06:16

What is regulation in an economic system?

a. Regulation is the placing of limits or restrictions on business activity by the government.

b. Regulation is the placing of limits or restrictions on business activity by producers.

c. Regulation is the removal of limits or restrictions on business activity by the government.

d. Regulation is the removal of limits or restrictions on business activity by producers.

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Answers (1)
  1. 20 June, 06:42
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    Regulatory economics is the development of government-issued rules or laws that use regulation as a form of intervention to control the activity of businesses, individual or private sector firms for a multitude of purposes.

    Therefore, the correct answer is A. Regulation is the placing of limits or restrictions on business activity by the government.
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Home » Social Studies » What is regulation in an economic system? a. Regulation is the placing of limits or restrictions on business activity by the government. b. Regulation is the placing of limits or restrictions on business activity by producers. c.
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