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How does the united states government intervene in the economy in regard to monopolies and competition?
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What is the primary reason for government to intervene in a free-enterprise economy?
to provide more competition
One effect of monopolies on the US economy is that they have tended to?
reduce business competition
Why the government participates in the economic affairs?
There are times when the government should let the market work, because fair competition leads to competitiveness and productivity. There are other times when the government should intervene, as in the case of monopolies using unfaircompetition to cheat the rest of society.
Why is competition important?
Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.
Is competition important?
Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.
What is the primary reasons for government to intervene in a free enterprise economy?
The primary reason for government to intervene in a free enterprise economy is simple. The government deemed something to be harmful or deconstructive.
What is the primary reason for government to intervene in a free-enterprise economy?
to provide more competition
How could the monopolies harm the U.S. Economy?
Monopolies would harm the U.S Economy because it would close out the window for competition, and free market.
One effect of monopolies on the US economy is that they have tended to?
reduce business competition
What are good things about a market economy?
invisible hand, competition, no monopolies, etc
In the late 19th century monopolies most harmed the economy by?
Government mandated monopolies hurt the economy by forbidding competitors that would have lowered prices. The non-government monopolies, who just were monopolies for being so great at offering the lowest prices and best products, did not harm the economy.
How does government intervene in North Korea's economy?
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Which of the following was a result of the New Deal legislation?
Government would intervene in the economy if the private sector could not guarantee stability. Have fun on study island..
Why the government participates in the economic affairs?
There are times when the government should let the market work, because fair competition leads to competitiveness and productivity. There are other times when the government should intervene, as in the case of monopolies using unfaircompetition to cheat the rest of society.
Why is competition important?
Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.
Is competition important?
Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.
What terms are associated with a market economy?
Free market economy is a free market system in which decisions regarding resource allocation,production, and consumption, and price levels and competition, are made by the collective actions of individuals or organizations seeking their own advantage.In all market economies, however, freedom of the markets is limited and governments intervene occasionally to encourage or dampen demand or to promote competition to thwart the emergence of monopolies. Also called free economy, free market, or free market economy.
