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The Government has to intervene when the price of essential commodities go up beyond the reach of the common people. It has to take remedial measures like reducing bank interest rate when the inflation is at its peak.Devaluation of currency, printing extra currency notes are the other measures to check inflation to an affordable level. When the black marketeers make a mockery of the marketing system, when unscrupulous traders do not hesitate to mix spurious items in baby food and medicine, it is obvious that the Government cannot remain a silent spectator and has to intervene.
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What are Two core values in out government system?
Democracy and capitalism. Democracy is our political system based off the idea that government should be for the people, by the people. Capitalism is the economic system that allows citizens to control the market without government interference , thus giving in the term "free-market".
Why does free - market system require government regulation?
Producers are driven by the profit motive to work against competition
What law gave the Federal Government the responsibility for the operation and maintenance of the airway system over the US?
Air Commerce Act of 1926
Match the following actions with the system in which the government performs them.?
Free-market system - Protecting property rights. Socialism - Providing equality of wealth. Planned economy - Making production decisions.
The major purpose of your tax system is to provide funds for the operation of the government Taxes are also levied in order to?
develop or protect certain industriesredistribute incomeinfluence personal spendingALL OF THE ABOVE
