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What is the economic system in which private business operates competetively for profit with minimal government regulation?
Wiki User
∙ 11y ago
"Free market" economy
Wiki User
∙ 14y ago
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What is the the type of economy where people carry on their economic affairs freely but are subject to some government intervention and regulation?
When people can carry out their economic business freely but are also subject to some government intervention and regulation, that is called a mixed economy. It is a mixture of capitalism and socialism.
What did supporters of laisse-faire favor?
Laissez-faire advocates oppose any government intervention or regulation of economic transactions or behavior
What is the economic system in which private business operate competitively for profit with minimal government regulation?
An economic system in which businesses operate with little interference from the government is known as a free market economy. The United States is a good example of this type of economy.
Which of theses are elements of the economic system of government?
regulation, manufacturing, and distribution of goods
Why do the economic systems of other countries have in common with the economic system of the US?
Most countries have similar economic systems, which are a mixture of a free market and government regulation.
What is the the type of economy where people carry on their economic affairs freely but are subject to some government intervention and regulation?
When people can carry out their economic business freely but are also subject to some government intervention and regulation, that is called a mixed economy. It is a mixture of capitalism and socialism.
What is Direct Regulation in commerce?
Direct regulation is the economic style of command economies, like communism where all economic decisions are made by government.
What did supporters of laisse-faire favor?
Laissez-faire advocates oppose any government intervention or regulation of economic transactions or behavior
Which of these are elements of the economic system of government?
regulation, manufacturing, and distribution of goods
What is the economic system in which private business operate competitively for profit with minimal government regulation?
An economic system in which businesses operate with little interference from the government is known as a free market economy. The United States is a good example of this type of economy.
Which of theses are elements of the economic system of government?
regulation, manufacturing, and distribution of goods
Economic policy by which the government minimizes its regulation of industry?
laissez-faire laissez-faire
Which event led to the most dramatic expansion of economic regulation by the federal government?
The Great Depression.
Why do the economic systems of other countries have in common with the economic system of the US?
Most countries have similar economic systems, which are a mixture of a free market and government regulation.
A model economic system in which all economic desicions are left to the market?
A popular model is the free market, where the market has no government intervention or regulation.
President Theodore Roosevelt's square deal and president Lyndon Johnson's great society were similar in that both?
they both increased the role of the Federal Government in dealing with social and economic problems
An economic condition where government does not regulate or interfere with business'?
Capitalism
