Question

How does industrial licensing impact allocation of resources?​

Answer 1

Answer:

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.

Answer 2

Answer:

impact on allocation--- it REGULATES the allocation of resources for different uses as whenver the company will expand its production capacity it will be required to acquire licence n thus it will give the govt. ... without license any industry would use or even exploit the resuorces no matter how scarse they are...

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