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.
Regulation is the removal of limits or restrictions on business activity by producers.

Answer 1

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

Step-by-step explanation:

The answer above is correct.

Answer 2

Regulation is the placing of limits or restrictions business activity by producers