what is regulation in an economic system? regulation is the placing of limits or restrictions on business…

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.

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.

Answer

Brief Explanations:

In an economic system, government - imposed limits on business activity are regulations. Producers don't typically regulate in this sense. Regulations are about adding restrictions, not removing them.

Answer:

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