Question

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.
o Regulation is the removal of limits or restrictions on business activity by producers,
HT
NH

Answer 1

Answer:

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

Explanation:

edge2020 economics

Answer 2

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

What is Regulation?

Regulation refers to government law which places  limits or restrictions on different business activity.

Hence, the correct statement is Regulation is the placing of limits or restrictions on business activity by the government.

Therefore, the Option A is correct.

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