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The profit motive undermines competition unless competition is protected.
What else can I help you with?
The free market system cannot exist without government regulations for what?
The profit motive undermines competition unless competition is protected.
What is the difference a free market economy and a mixed economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
Which of the following statements most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
How does a government take part in market Economy?
by passing regulations to protect the people :)
How does government take part in market economy?
by passing regulations to protect the people :)
What is the difference between the mixed market economy and the pure market economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
“ What is the difference between a pure market economy and a mixed-market economy “?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
What is the role of the government in a market economy?
The government ensures that companies aren't abusing their power. If they are found to be doing so, the government steps in to change regulations.
What is the difference between a market economy and a mixed economy?
In a mixed economy, there are more government regulations.
Is there a market for icewine in china?
Yes, there's a market for almost anything in China. However, you must learn and understand government regulations and requirements before you market your products to China.
What economy most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
What is the essential government role in market economies?
One essential government role in a market economy is regulation. This allows for competition without monopoly.
