conomic regulations aim at modifying the normal operations of the free market and the forces of supply and demand. True False

The statement is True.

Explanation

Economic regulations are implemented by governments to influence or control the behavior of firms and consumers in the marketplace. These regulations modify the normal operations of the free market by imposing rules and standards that can affect prices, production, consumption, and competition.

For example, regulations may include price controls, subsidies, or restrictions on the quantity of goods that can be produced or sold. These interventions can be necessary to correct market failures, protect consumers from harmful products, or ensure fair competition among businesses.

In essence, while free markets operate under the forces of supply and demand, regulations seek to adjust or redirect those forces to achieve specific economic or social goals, such as protecting the environment, ensuring public safety, or promoting equity within the market.