Some things that the government does to regulate industry include:
- Passing laws to regulate safety and labor rights
- Passing laws to regulate competition
How does the government regulate industry?
The question is not complete so I will give a general answer.
The government can regulate industry can passing laws to ensure that safety standards are maintained. They also pass labor laws to ensure the protection of workers in the industry.
To promote competition in the industries, the government also passes laws against monopolies. The reason why the government does this is because competition is important in an economy as it promotes efficiency.
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