what is regulation in an economic system?\no regulation is the placing of limits or restrictions on business…

what is regulation in an economic system?\no regulation is the placing of limits or restrictions on business activity by the government.\no regulation is the placing of limits or restrictions on business activity by producers.\no regulation is the removal of limits or restrictions on business activity by the government.\no regulation is the removal of limits or restrictions on business activity by producers.

what is regulation in an economic system?\no regulation is the placing of limits or restrictions on business activity by the government.\no regulation is the placing of limits or restrictions on business activity by producers.\no regulation is the removal of limits or restrictions on business activity by the government.\no regulation is the removal of limits or restrictions on business activity by producers.

Answer

Brief Explanations:

Regulation in an economic system is when the government places limits on business activity to achieve certain goals like fairness, stability, etc. Producers don't typically regulate in this context. Removal of limits is deregulation.

Answer:

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