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An economy with no government regulation would be completely what?
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What Countries with a capitalistic view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
How does the government regulation affects the economy?
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
Why would a completely free market economy would not be a practical one for any major country?
A free market economy is an economy in which all markets within it are unregulated by any parties other than those in the market. It limits the government's intervention. If it was completely free than the government would have less intervention and would make the economy much more sensitive and vulnerable.
What Countries with a capitalist view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
What would a laissezfaire policy regarding drugs involve?
no government regulation
What Countries with a capitalistic view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
Is the Italian economy a market economy or a command economy?
Italy's economy may have strong government regulation, but it is first and foremost a MARKET ECONOMY because firms choose their own levels of production, not the Italian government (which would be the case in a command economy).
How does the government regulation affects the economy?
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
Why would a completely free market economy would not be a practical one for any major country?
A free market economy is an economy in which all markets within it are unregulated by any parties other than those in the market. It limits the government's intervention. If it was completely free than the government would have less intervention and would make the economy much more sensitive and vulnerable.
What is the current economic system for japan and the US?
The US and Japan have what I would describe as a mixed economy; this is a free market, with substantial government regulation.
What Countries with a capitalist view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
What would a laissezfaire policy regarding drugs involve?
no government regulation
In which type of economy would prices be set by the government?
command economy
How does the type of economy affect the type of government?
The type of economy usually matches the type of government. For example, a democratic country will usually have a capitalist (or free market-based) economy while a non-democratic country will usually have a socialist economy. The more freedom there is in the government usually brings about more freedom in the economy. However, I would say that the type of government affects the economy and not vice versa. Of course, if the economy completely crashed, it could cause a democratic country to become non-democratic. People tend to vote for radical decisions during crises.
How would the us government most likely react to a boom in the economy?
Increase government spending in order to stimulate the economy
How would the Chinese economy be characterized?
china's economy is a centrally planned economy with a high level of government control
What was the whig position of the economy?
They believed that the government should spend money to help the economy.
