Question

what do you mean by "Focus on heavy industry, and the state regulation of the economy "​

Answer 1

Answer:

1) Understanding Heavy Industry:

Heavy industry typically involves large and heavy products or large and heavy equipment and facilities (such as heavy equipment, large machine tools, and huge buildings); or complex or numerous processes. Because of those factors, heavy industry involves higher capital intensity than light industry does. Heavy industry is also often more heavily cyclical in investment and employment.

2) Regulation consists of requirements the government imposes on private firms and individuals to achieve government’s purposes. Economic regulation” refers to rules that limit who can enter a business (entry controls) and what prices they may charge (price controls).

Explanation:

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