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Question
what is regulation in an economic system?
regulation is the placing of limits or restrictions on business activity by the government
regulation is the placing of limits or restrictions on business activity by producers.
regulation is the removal of limits or restrictions on business activity by the government
regulation is the removal of limits or restrictions on business activity by producers
Brief Explanations
In an economic system, government - not producers - places limits on business activity for regulation.
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Regulation is the placing of limits or restrictions on business activity by the government.