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what is industrial licensing ? how …

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what is industrial licensing ? how does it impact allocation of resources

Posted by Bhumika Shrivastava 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Meghna Thapar 4 years, 6 months ago

Industrial licensing is an authority issued by the government organisation to permit the institution or organisation for starting an industry or to start certain function. Governments can take many different actions to influence the allocation of resources. Some of the most common actions include subsidies, tax incentives, or preferential credit treatment. Subsidies are direct or indirect payments that are given to an individual, business, or industry as a form of financial support.

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Posted by Megha Gaur 10 months ago

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This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
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