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the doctrine that maintains that the state should NOT intervene in economics is called laissez-faire. but when the states SHOuLD intervene in the economy, i don't know what its called..sorry! :(
jocon94- Laissez-faire is a philosophy. The Interstate Commerce Act says states can't regulate services crossing state lines. The law was designed in the late 1800's to keep the railroad under Federal jurisdiction and rates consistent. I believe it would cover other businesses unless there where later court rulings defining what exactly the law covers.
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In order to maintain competition in the economy the government?
Intervenes in markets where there is a concentration of power
Which system involves total government control of a nation's economy?
Communism is the political system that called for government control of the economy.
What is the economic system and economic activity?
These are how an economy is doing in a particular area. This will vary depending on the time in history, the country, and how much the government intervenes.
When the government intervenes in the market economy to correct a market failure?
Market don't fail because government make price to be equal in the market by interven
What political system calls for government control of the economy?
Communism is the political system that called for government control of the economy.
When prices and the quantity of goods produced are controlled by the government as in Cuba it's called a?
command economy
What political system calls for government of the economy?
Communism is the political system that called for government control of the economy.
The doctrine that government takes an active role in guiding and regulating the economy is called?
intervintionist state
Why is capitalism called a free market economy?
Under capitalism, the market is free from state interference.
What is the economy of Washington state?
is the basis of Washington state economy is wildressources
All productive resources are government owned an controlled under what kind of economy?
Under a planned economy, all productive resources are government owned and controlled. This type of economy is also called a command economy.
The economic system in which the government is in almost complete control of the economic activity is called?
State capitalism. Not Communism, which has no government and no wages system.
