0
It depends on the form of government and the legislation of the country.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
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 extent should government intervene in free trade?
In a free enterprise (market) economy, the expected role of the government is to allow free operation of the market unless market failure occurs at which point it intervenes to prevent welfare losses.
Is the USSR's government a free market economy government?
yes it is a free market government
What were legal questions raised as a result of the new market economy?
-how tightly should patents protect inventions? -should the government regulate monopolies? -can a democratic government still support slavery?
What is government market?
organizations buys major goods and services.bidding is important in government market.
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 is the similarities between classical and Keynesian school of thoughts in economics?
Keynesians say that government should interven in economic activities where as classical say not too
Should Coffee be provided by the private Market or the Government?
No why would it have to be provided by them?
Jefferson's philosophy that government should not interfere with industry?
free market system
When is it best for government to play a role in the market?
Governments should intervene in the market when there are market failures such as monopolies, externalities, or public goods provision. Additionally, government intervention is warranted during emergencies or crises to stabilize the economy. Ultimately, the goal is to create a balance that promotes competition, protects consumer rights, and ensures fair market practices.
What should government do if a large private business goes bankrupt which would affect a large number of ordinary innocent people?
Depends on the Government. If the governed nation has an economy based on a free market then then the government should do nothing. Any private business is subject to the free market.
What extent should government intervene in free trade?
In a free enterprise (market) economy, the expected role of the government is to allow free operation of the market unless market failure occurs at which point it intervenes to prevent welfare losses.
Is the USSR's government a free market economy government?
yes it is a free market government
What were legal questions raised as a result of the new market economy?
-how tightly should patents protect inventions? -should the government regulate monopolies? -can a democratic government still support slavery?
The doctrine knows as communism states that government should not intervene in the market place is this true or false?
False.
What is the role of the government in the market structure?
the role of the government in the market structure is to control inflection
What is government market?
organizations buys major goods and services.bidding is important in government market.
