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How would the action from the U.S. government would most encourage consumers to spend money in the free market?
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∙ 7y ago
Lower the amount of personal income tax
Nathaniel The Third
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What action could a government take that would most encourage consumers to spend money in the free market?
Lower the amount of personal income tax .
What groups of players make all of the economic decision in a free-market system?
consumers and producers
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
What is one of the principles of a free market?
The government must prevent consumers from being coerced.
Why would the government interfere with price mechanism?
Government intervention in the market mostly the incentives that consumers and producers have can be changed by government intervention in markets. For example a change in relative prices brought about by the introduction of government subsidies and taxation. sdm matelo
What action could a government take that would most encourage consumers to spend money in the free market?
Lower the amount of personal income tax .
Which action from the U.S government would most encourage consumers to spend money in the free market?
lower the amount of personal income tax
What groups of players make all of the economic decision in a free-market system?
consumers and producers
What do government regulation of the free market is require to do?
Ensure competition and protect consumers
When is it best for government to play a role in the market?
There are various reasons why the should government interfere in the market. This is mainly to protect consumers from exploitation by regulating prices in the market.
Why does free - market system require government regulation?
Producers are driven by the profit motive to work against competition
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
What is one of the principles of a free market?
The government must prevent consumers from being coerced.
Agent of consumerism in Nigeria?
The government serves as an agent of consumerism in Nigeria. This is a form of legislation which seeks to protect the rights of the consumers in the market.
Who are the customers of the surgical and medical instrument industry?
Major consumers of industry output in order of market size include foreign consumers, the federal government, medical and health services, doctors and dentists
What are contestable consumers in the electricity market?
These consumers have the choice of buying electricity either from retailers or from the wholesale electricity market.
What happens in a market?
In a product market businesses make and sell goods to consumers. Consumers use their income to purchase these goods.
