THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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highly regulatory
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little regulation
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high investment
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controlling of hiring practices
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Detailed explanation-1: -The regulatory role of the government involves formulating and implementing various direct and indirect measures to monitor and regulate the economic activities of the private sector.
Detailed explanation-2: -Government regulations are effectively rules that define the bounds of legal behavior. Most regulations are expressed in a natural language (e.g., English), a form that requires some interpretation.
Detailed explanation-3: -The government provides various incentives and schemes for encouraging business activities, besides basic infrastructure like roads, airports, supply of water and power, bridges, communication and transportation system, banking and financial systems, industrial training centres, marketing network etc.
Detailed explanation-4: -The regulation of business activities like import and exports, foreign exchange and etc., through Imports and Exports (Control) Act, COFEPOSA, FERA and FEMA. The Imports and Experts (Control) Act, 1947 amended from time to time empowers the government to prohibit or control imports and exports in the public interest.