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Preferred term

industrial policy  

Definition

  • Industrial policy is a form of government influence on business sectors and firms within an economy. Industrial policy has been both distinguished from and closely associated with other forms of government planning and intervention in the marketplace, such as a nation's competition policy, its trade policy, or its macroeconomic policy. [Source: Encyclopedia of Business Ethics and Society; Industrial Policy]

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https://concepts.sagepub.com/social-science/concept/industrial_policy

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