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How did Adam Smith believe individuals would help their home countries and rsquo economies without government regulation?
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What did Adam smith believe individuals would help their home countries economies without government regulation?
He believed they would prefer domestic industry to foreign industry.
What MIGHT be the purpose of government regulation of natural monopolies or economies of scale?
Government regulation might be used to facilitate competition.
What is the difference between a mercantile system and a free enterprise system?
Capitalism allows businesses to operate without regulation, while mercantilism is based on strict government control over economies. [APEX]
How might the countries studied in this section improve their economies?
By not having a government based on Religion has improved their economies of North Africa and the other countries that are there.
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.
How did Adam smith believe individuals would help their he countries economies without government regulation?
he believed they would perfer domestic industry to foreign industry
What did Adam smith believe individuals would help their home countries economies without government regulation?
He believed they would prefer domestic industry to foreign industry.
How did Adam Smith believe individuals would help their home countries' economies without regulation?
He believed they would prefer domestic industry to foreign industry.
What MIGHT be the purpose of government regulation of natural monopolies or economies of scale?
Government regulation might be used to facilitate competition.
System combining different degrees of government regulation?
mixed economies
What is the difference between a mercantile system and a free enterprise system?
Capitalism allows businesses to operate without regulation, while mercantilism is based on strict government control over economies. [APEX]
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.
How did Adam Smith believe individuals would help their home countries' economies without government?
He believed they would prefer domestic industry to foreign industry.
How might the countries studied in this section improve their economies?
By not having a government based on Religion has improved their economies of North Africa and the other countries that are there.
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.
Why are all economies mixed?
Because by definition, true free market has no government control or regulation and true planned economy has no place for interaction between the firms when government regulation defines the economy. In all economy (except for maybe North Korea), both government and the market holds stake in the economic activities of the economy hence nearly all economies are mixed
What countries have a controlled economy?
If you are talking about countries, then there are lots of countries that have a controlled economic system, such as Venezuela, China, and Russia. Some economies have more government control than other and none are completely government controlled, except N. Korea perhaps.
