Technology-Based Standards Have Two Different Enforcement Issues

question 11

Essay

Technology-based standards have two different enforcement issues.Briefly explain what these two issues are.

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Definitions:

Maximized Government Participation

A policy or approach where the government actively engages in various sectors of the economy, often including owning or regulating businesses and industries.

Private Enterprise System

An economic system where private individuals or businesses own the means of production and operate for profit, often characterized by competition and market forces.

Entrepreneurs

People who establish, manage, and run companies while accepting higher-than-usual financial risks in the process.