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Which action from the U.S government would most encourage consumers to spend money in the free market?
Wiki User
∙ 8y ago
lower the amount of personal income tax
Quinton Schimmel
Wiki User
∙ 13y agolower the amount of personal income tax
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How would the action from the U.S. government would most encourage consumers to spend money in the free market?
Lower the amount of personal income tax
What action could a government take that would most encourage consumers to spend money in the free market?
Lower the amount of personal income tax .
What groups of players make all of the economic decision in a free-market system?
consumers and producers
What do government regulation of the free market is require to do?
Ensure competition and protect consumers
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.
Why does free - market system require government regulation?
Producers are driven by the profit motive to work against competition
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
What is one of the principles of a free market?
The government must prevent consumers from being coerced.
Agent of consumerism in Nigeria?
The government serves as an agent of consumerism in Nigeria. This is a form of legislation which seeks to protect the rights of the consumers in the market.
Who are the customers of the surgical and medical instrument industry?
Major consumers of industry output in order of market size include foreign consumers, the federal government, medical and health services, doctors and dentists
What are contestable consumers in the electricity market?
These consumers have the choice of buying electricity either from retailers or from the wholesale electricity market.
What happens in a market?
In a product market businesses make and sell goods to consumers. Consumers use their income to purchase these goods.
