Asked Dec 14, 2019

It is often said that there exists a fundamental contradiction in capitalist ideology: 

Competition is regarded as a virtuous necessity, but firms are driven to dominate particular industries in practice.

long and explanatory answers please

What are the implications for industrial policy and the regulation of business ?

What are the implications for industrial policy and the regulation of business ?


Expert Answer

Step 1

Industrial policy is the official effort that taken by the government to develop and maintain the growth in all part of the economic. For this, the government focus on the each and every sector like, manufacturing and infrastructure.

Step 2

The major objectives of the industrial policies can be listed as follows.


  • Rapid industrial development
  • Balanced industrial sector...

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