Imposition of rules by government backed by the use of penalties that are intended specifically to modify the economic behavior of individuals and firms in the private sector.
<u>Explanation</u>:
- An imposition of rules by the government to modify the individual's economic behavior and in the private sector firm known as regulation. Prices, output, rate of return, disclosure of information, standards and ownership ceilings are among those frequently used.
- One is to increase efficiency and maintain potential market power or avoid duplication. In the case of professional services, to protect consumers and maintain quality and protect consumers.
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Answer:
Here's a look at the Xinjiang region, China's crackdown there and what the genocide declaration could mean for the global response.
Explanation:
U.S. President Joe Biden in December signed into law the Uyghur Forced Labor Prevention Act (UFLPA) in an effort to safeguard the U.S. market from products potentially tainted by human rights abuses in Xinjiang, where the U.S. government says China is committing genocide against Uyghur Muslims