WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
ROBBER BARONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Controlling business behavior through a set of rules or laws. Necessary to prevent abuses by “big business".
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Horizontal Integration
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Transcontinental Railroad
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Vertical Integration
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Government Regulation
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Explanation:
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: -Ceiling on managerial remuneration is another way for governments to regulate the relationship between different segments of the economy. This can be done to control income inequality or to ensure that companies are using their resources in a socially responsible manner.
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