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What are the reasons for government involvement in economic activities?
Wiki User
∙ 11y ago
There are many reasons for government involvement in economic activities. The government would check activities to make sure that prices are fair, employment is fair, and the pay for employees is fair and equal.
Wiki User
∙ 11y ago
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What were the economic reasons for the U.S.expansion westward?
Westward Expansion and Related Economic Issues
What is the definition of non economic activities?
Activities which are undertaken to satisfy social, religious cultural and sentimental require­ments are called non-economic activities. The object of these activities is not to earn monetary gain or reward.People engage in non-economic activities for reasons of love, sympathy, religion, patriotism, etc. For example, a mother looks after her children, a student donates blood, an old man goes to temple daily, a rich man donates money to Prime Minister Relief Fund; a young man helps a blind girl cross the road, etc.It is the object of any activity that distinguishes between economic and non-economic activities. The primary objective of economic activities is to earn livelihood and create wealth.On the other hand, the main objective of non-economic activities is to get some sort of social, cultural, religious or recreational satisfaction.The output of economic activities can be measured in terms of money e.g., the salary of a teacher, the fee of a doctor and the profits of a businessman. But the result of non-economic activities cannot be measured in terms of money.The same activity may be economic as well as non-economic. For example, a nurse attend­ing a patient in a hospital is an economic activity as the nurse works for a salary.But when the same nurse attends to her sick mother at home it is a non-economic activity because the object is not to earn money.Thus, the activity of the same person may be economic at one-time or place and non-economic at another time or place. The dividing line is not the activity or the person who is doing it but the objective for which it is undertaken.Thus, non-economic activities are undertaken due to the following considerations:(i) Love and affection - for example taking dinner with the family, cooking food for family.(ii) Personal satisfaction - For example meditating in a park.(iii) Physical needs - for example morning walk by a person.(iv) Religious obligation - for example praying in a temple.(v) Social obligations - for example helping victims of an accident, flood or earthquake.(vi) Patriotism - donating blood for injured army men.
What was an outcome of the laissez-faire economic policies?
Laissez-faire economic policies helped fuel the industrial revolution. Later these policies were changed for social reasons. Most of today's prosperous nations have a free market economy with government supervision.
What is a halt to trade for economic or political reasons?
sanction
What are the 5 reasons for high unemployment in developing countries?
.High population .Unchecked corruption in government .Poor economic enabling environment .Adoption of inappropriate economic policy measures .Negative attitude towards Technical and vocational studies
What were the reasons for the US involvement overseas in the 1920s?
the reason for invovlement overseas were military interes, economic interest and cultural beliefs!!
What receives government subsidies that are in place to protect the population rather for economic reasons?
small farms in France
Was Jamestown established for religious or economic reasons?
Jamestown was primarily established for economic reasons, not religious reasons.
Was North Carolina established for religion or economic reasons?
North Carolina was established for economic reasons.
State four reasons for building a nation?
Four reasons for building a nation might include creation of a national identity, cohesion of a society, cohesion of government, and the creation of economic stability.
What were the reasons on why slavery started worldwide?
Economic reasons.
What were the reasons for Russia's involvement in World War 1?
to help the Slavic
Why did the German government protect its business from foreign competition?
For the same reasons all governments do so. To safeguard and enhance its own economic stability.
What are reasons that government is involved in community development?
1.for economic growth and intergration 2. to reduce poverty and eradicate 3. to create employment
What were the reasons behind Australia's involvement in world war 2?
Reasons for Australia's InvolvementAustralia was a colony of Great Britain.
What are the three reasons Arabs enslaved africans?
Arabs historically engaged in the trans-Saharan slave trade due to economic gain, cultural practices, and the desire for labor in various industries such as agriculture and domestic service. Economic reasons like the profitability of the trade and the availability of enslaved Africans as a cheap labor source were key driving factors behind Arab involvement in slavery.
Which is true about the efforts to cut immigration in the 1920s?
The economic factors and the scramble of the Natural Resources were some of the reasons that led to the reduction of the number of immigrants entering the US in 1920. The illegal activities like drug peddling were also one of the reasons.
