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Why does the government need to regulate the free market to protect compedtition?
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Why does the government need to regulate the free market to protect competition?
Producers driven by the profit motive seek to reduce their competition.
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?
In which type of economic structure is the government given the authority to regulate some of the process of free enterprise?
mixed market
What purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
What two purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
Why does the government need to regulate the free market to protect competition?
Producers driven by the profit motive seek to reduce their competition.
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?
In which type of economic structure is the government given the authority to regulate some of the process of free enterprise?
mixed market
Which type of economic structure is the government given the authority to regulate some of the process of free enterprise?
mixed market
What do government regulation of the free market is require to do?
Ensure competition and protect consumers
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 :)
Why does the us government regulate car manufacturing?
To prevent businesses monopolies in the market and insure safe, efficient cars are produced.
What purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
How do you start a really really free market?
To have a really free market, you would need a government that truly does not regulate trade at all. In reality, you probably could not start a "really really free market."
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 two purposes can a government serve in a market economy?
to protect the public and preserve private enterprises
