Answers LHS GoPo-Economics Competition and Free EnterpriseQuestion 5

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Competition and Free Enterprise

Question 5 of 10 • LHS GoPo-Economics

What is regulation in an economic system?

Answer

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

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

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

R

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

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