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yes the government has some power

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Under this economics theory the government does not get involved in the economy?

Under the economic theory of a free market system, the government does not get involved in the economy. This is true to a certain extent. Government is usually involved when banks fail, larger companies fail, and when farmers need relief from lower prices.


Why do larger companies have have an advantage over smaller companies?

Because the larger companies are more trusted, known and respected. For example: If you needed a driver/software update, would you go to Apple, Microsoft or a smaller company on a street corner called Jeffreys?


Who is the government trying to help by discouraging predatory pricing?

The government aims to help consumers and small businesses by discouraging predatory pricing practices. By preventing larger companies from setting excessively low prices to drive competitors out of the market, the government seeks to maintain fair competition and protect consumer choices. This approach also fosters a more equitable marketplace where small businesses can thrive, ultimately benefiting the economy as a whole.


What is ancillary industries?

Ancillary industries are companies that manufacture parts for larger companies. Most ancillary industries are considered non essential in the business world.


Why does the government need to regulate the free market to protect compedtition?

The government needs to regulate the free market to ensure fair competition and prevent monopolies that can stifle innovation and exploit consumers. Regulations help maintain a level playing field, preventing larger companies from using their market power to unfairly disadvantage smaller competitors. By enforcing antitrust laws and consumer protection measures, the government fosters a dynamic marketplace where diverse businesses can thrive and consumers have choices. Ultimately, these regulations promote economic stability and equitable growth.

Related Questions

What do you call a narrow piece of land joining two larger bodies?

A narrow piece of land joining two larger bodies is called an isthmus.


What does the term confluence mean?

As especially applied to river systems or to the circulatory (blood) system, a confluence means a joining, a flowing together, as a tributary does with a larger river.


What is a neck of land joining to larger portions?

Peninsula


Why do conservatives think liberals are bad?

because they are two opposing views, the Conservatives want a small government with private companies to do more for the economy and the Liberals want a larger government with more of a mixture of government and private companies in the economy. (I am thinking in UK politics)


What are some of the larger insurance companies in the UK?

One of the larger insurance companies in the UK is the insurance company Legal & General. Another of the larger insurance companies is the company Aviva.


What is the name for a small river joining a larger one?

It is called a tributary.


Does dehydration synthesis build or break down molecuels?

Dehydration synthesis builds molecules by joining smaller subunits together to form larger molecules, while breaking down molecules involves adding water to break bonds between subunits of a larger molecule.


What is it called when you join two or more images together?

Joining two or more images together is commonly referred to as "image merging" or "image stitching." This process involves combining multiple images seamlessly to create a larger composite image.


What is a narrow neck of land joining two larger areas of land?

peninsula


The narrow piece of land joining two larger bodies of land is an?

an isthmus


What are the narrow piece of land joining two larger bodies of land?

Isthmus


What is the joining of two or more nuclei to form larger nucleus?

Nuclear Fusion :)