A set of laws aimed at promoting specific industries within a nation is an example of: (a)...

Question:

A set of laws aimed at promoting specific industries within a nation is an example of:

(a) industrial policies.

(b) anti-price-discrimination laws.

(c) antitrust laws.

(d) anti-predatory-pricing laws.

Laws:

Laws are the regulations framed by the ruling authority which acts as guidance for the ideal behavior of the people in the society. And it also specifies the punishments and penalties that will be imposed if the people do not act according to the framed regulations. Laws are made to protect the citizens of the country and prevent the crime rates in the country.

Answer and Explanation:

A set of laws aimed at promoting specific industries within a nation is an example of: (a) (industrial policies.)

Laws set to promote any specific industry or group of industries are known as industrial policies or industrial laws. These laws are framed to bring about an improvement in the productive capacity of the industry. These policies include giving concessions, rebates, subsidies to the industry on raw materials, fixed assets, and supply policies, machinery, and many other things.


Learn more about this topic:

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Industry Analysis for Business Plans

from Business Analysis Training

Chapter 4 / Lesson 6
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