One drawback to industrial policy is that a. positive side effects are often outweighed by negative side effects. b. technology
spillovers are too expensive to control. c. measuring the size of spillovers from different markets is difficult. d. spillovers often occur in industries that produce undesirable products for society.
Industrial policy of a nation, that is at times denoted by IP, or sometimes as industrial strategy, is referred to as the official strategic effort taken in order to encourage progress and development and the growth of parts of its economy, that is often focused on the manufacturing sector. The state or federal government tends to takes measures that are thoroughly aimed at recovering the capabilities and competitiveness of the domestic firms.
In science, a broad idea that has been repeatedly tested and verified, giving scientists great confidence that it represents reality, is called a theory. A theory is a repeatedly test and proven idea by experimentation, theories are facts like the law of gravity, until disproved.
<u>forced Black South Africans into poverty and hopelessness. ... Black people could not marry white people. They could not set up businesses in white areas. Everywhere from hospitals to beaches was segregated.</u>
