Industrial policy is:
A) by default.
B) a powerful nonregulating approach by government to influence business.
C) non debatable.
D) consistent in each government administration.

Question

Quizplus · Accepted Answer

Industrial policy refers to government policies and interventions aimed at influencing industrial sectors and their growth in a certain direction. It can include measures such as tax incentives, subsidies, trade protections, and investments in infrastructure. It is a powerful nonregulating approach by governments to influence business and can vary from one administration to another based on their priorities and economic goals. Therefore, options A, C, and D are incorrect.

Industrial Policy Is