Government policy that uses taxes,subsidies and regulation for the purpose of giving domestic industry an advantage,is known as
A)research and development policy
B)economic development policy
C)industrial policy
D)trade policy
E)free trade

Question

Quizplus · Accepted Answer

Industrial policy refers to the government's strategic measures to support and promote the development of domestic industry. This can include the use of taxes, subsidies, and regulations to give domestic industries an advantage over foreign competitors. The focus is on creating a favorable environment for domestic industries to grow and compete in the global market. The other options, while related, are not as specific to the use of government policies to support domestic industry.

Government Policy That Uses Taxes,subsidies and Regulation for the Purpose