to provide more competition
it means "let do" this phrase is used in the british economy. it means: the state should not intervene in the economy of the individuals. The economy was free. This policy was practiced in britain till 1945 with the changing of government from The Conservative to The Labour Party.
Laissez faire
The economy works through the production, distribution, and consumption of goods and services. Factors that influence its functioning include supply and demand, government policies, technological advancements, global trade, and consumer behavior.
The state controls a mixed economy!
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Why the public sector becomes involve and intervene in the economy
Because governments usually intervene in the economy based on the selective requirements of the public .
Government would intervene in the economy if the private sector could not guarantee stability. Have fun on study island..
The primary reason for government to intervene in a free enterprise economy is simple. The government deemed something to be harmful or deconstructive.
to provide more competition
it means "let do" this phrase is used in the british economy. it means: the state should not intervene in the economy of the individuals. The economy was free. This policy was practiced in britain till 1945 with the changing of government from The Conservative to The Labour Party.
its not funny
the doctrine that maintains that the state should NOT intervene in economics is called laissez-faire. but when the states SHOuLD intervene in the economy, i don't know what its called..sorry! :( jocon94- Laissez-faire is a philosophy. The Interstate Commerce Act says states can't regulate services crossing state lines. The law was designed in the late 1800's to keep the railroad under Federal jurisdiction and rates consistent. I believe it would cover other businesses unless there where later court rulings defining what exactly the law covers.
Because state laws intervene.
Laissez faire
is the basis of Washington state economy is wildressources