The government can limit entry to an industry or market through strict licensing requirements and by limiting access to raw materials via laws or high taxes and to certain locations by means of zoning restrictions.

Question

The government can limit entry to an industry or market through strict licensing requirements and by limiting access to raw materials via laws or high taxes and to certain locations by means of zoning restrictions. ​

Quizplus · Accepted Answer

Governments can regulate industries by implementing licensing requirements, controlling access to essential raw materials through laws or taxation, and enforcing zoning restrictions to limit where businesses can operate, thereby limiting entry into certain markets or industries.

The Government Can Limit Entry to an Industry or Market