The term "industrial policy" refers to:
A)the policy that industries develop to promote growth.
B)the industrial policy related to marketing strategies.
C)the illegal activity that firms sometimes engage in to reduce competition.
D)the government policy that aims at enhancing the competitiveness of domestic firms.
E)the government policy that primarily aims at protecting domestic jobs.

Question

Quizplus · Accepted Answer

Industrial policy refers to the government's policies and actions that aim to enhance the competitiveness of domestic firms. This can include measures such as subsidies, tax incentives, and regulations designed to support certain industries or technologies. The objective is to boost economic growth and promote the development of certain strategic industries that the government sees as crucial for the country's long-term development.

The Term "Industrial Policy" Refers To