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What economic problems did the new government faces?

It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be a degree of high efficiancy (due to the private sector involvement) and social welfare too (due to the public sector involvement).It allows the Government to intervene when the economy faces market failure. The mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the EU Competition Commission, are able to correct for these failures. If this had been a completely free economic system, Government agencies wouldn't have the means of power to be able to intervene. Furthermore, if it was a centrally planned economic system (communist systems), the Government wouldn't have any drivers behind the intervention which may cause government failure for the market. (Mobeen Iqbal, Bahrain)Writes ModelCitizen:.Government bodies are an amazingly consistent display of their failure to utilize resources efficiently. In fact because they do not face monetary profit or loss, they have no idea if what they are doing is efficient. Questions such as what is an acceptable time for people to wait for medical treatment are unable to be answered efficiently by government, and people suffer for their failures. Extreme examples include North Korea when compared to South Korea - there is no difference between the two countries except for the choice of South Korea to all more freedoms to their people. Governments create Propaganda of 'market failures' which typically can only be defined as the price being higher than in the past, so they can 'intervene' to be able to provide an excuse for their existence, and to gain power at the expense of individuals. Societies that have greater government interventions such as regulations, subsidies, taxes, etc, are much worse off economically than those with less interventions.


Is the government involved with the labor market?

the more people that are employed, the more people that are able to support themselves financially.


What did Adam Smith idea of free market economy proposes?

businesses should be able to run without government interferance


What 4 major requirements for free market to operate?

A free market must be fueled by supply and demand, not be controlled by a government, be able to directly set pricing, and not be affected by laws.


Why do some people believe that a mixed economic system solves basic economic problems?

It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be a degree of high efficiency (due to the private sector involvement) and social welfare too (due to the public sector involvement).It allows the Government to intervene when the economy faces market failure. The mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the EU Competition Commission, are able to correct for these failures. If this had been a completely free economic system, Government agencies wouldn't have the means of power to be able to intervene. Furthermore, if it was a centrally planned economic system (communist systems), the Government wouldn't have any drivers behind the intervention which may cause government failure for the market. (Mobeen Iqbal, Bahrain)Government bodies are an amazingly consistent display of their failure to utilize resources efficiently. In fact because they do not face monetary profit or loss, they have no idea if what they are doing is efficient. Questions such as what is an acceptable time for people to wait for medical treatment are unable to be answered efficiently by government, and people suffer for their failures. Extreme examples include North Korea when compared to South Korea - there is no difference between the two countries except for the choice of South Korea to all more freedoms to their people. Governments create propaganda of 'market failures' which typically can only be defined as the price being higher than in the past, so they can 'intervene' to be able to provide an excuse for their existence, and to gain power at the expense of individuals. Societies that have greater government interventions such as regulations, subsidies, taxes, etc, are much worse off economically than those with less interventions.

Related Questions

What economic did the new government faced?

It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be a degree of high efficiancy (due to the private sector involvement) and social welfare too (due to the public sector involvement).It allows the Government to intervene when the economy faces market failure. The mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the EU Competition Commission, are able to correct for these failures. If this had been a completely free economic system, Government agencies wouldn't have the means of power to be able to intervene. Furthermore, if it was a centrally planned economic system (communist systems), the Government wouldn't have any drivers behind the intervention which may cause government failure for the market. (Mobeen Iqbal, Bahrain)Writes ModelCitizen:.Government bodies are an amazingly consistent display of their failure to utilize resources efficiently. In fact because they do not face monetary profit or loss, they have no idea if what they are doing is efficient. Questions such as what is an acceptable time for people to wait for medical treatment are unable to be answered efficiently by government, and people suffer for their failures. Extreme examples include North Korea when compared to South Korea - there is no difference between the two countries except for the choice of South Korea to all more freedoms to their people. Governments create Propaganda of 'market failures' which typically can only be defined as the price being higher than in the past, so they can 'intervene' to be able to provide an excuse for their existence, and to gain power at the expense of individuals. Societies that have greater government interventions such as regulations, subsidies, taxes, etc, are much worse off economically than those with less interventions.


What economic problem did the government face?

It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be a degree of high efficiancy (due to the private sector involvement) and social welfare too (due to the public sector involvement).It allows the Government to intervene when the economy faces market failure. The mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the EU Competition Commission, are able to correct for these failures. If this had been a completely free economic system, Government agencies wouldn't have the means of power to be able to intervene. Furthermore, if it was a centrally planned economic system (communist systems), the Government wouldn't have any drivers behind the intervention which may cause government failure for the market. (Mobeen Iqbal, Bahrain)Writes ModelCitizen:.Government bodies are an amazingly consistent display of their failure to utilize resources efficiently. In fact because they do not face monetary profit or loss, they have no idea if what they are doing is efficient. Questions such as what is an acceptable time for people to wait for medical treatment are unable to be answered efficiently by government, and people suffer for their failures. Extreme examples include North Korea when compared to South Korea - there is no difference between the two countries except for the choice of South Korea to all more freedoms to their people. Governments create Propaganda of 'market failures' which typically can only be defined as the price being higher than in the past, so they can 'intervene' to be able to provide an excuse for their existence, and to gain power at the expense of individuals. Societies that have greater government interventions such as regulations, subsidies, taxes, etc, are much worse off economically than those with less interventions.


What economic problems did the new government?

It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be a degree of high efficiancy (due to the private sector involvement) and social welfare too (due to the public sector involvement).It allows the Government to intervene when the economy faces market failure. The mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the EU Competition Commission, are able to correct for these failures. If this had been a completely free economic system, Government agencies wouldn't have the means of power to be able to intervene. Furthermore, if it was a centrally planned economic system (communist systems), the Government wouldn't have any drivers behind the intervention which may cause government failure for the market. (Mobeen Iqbal, Bahrain)Writes ModelCitizen:.Government bodies are an amazingly consistent display of their failure to utilize resources efficiently. In fact because they do not face monetary profit or loss, they have no idea if what they are doing is efficient. Questions such as what is an acceptable time for people to wait for medical treatment are unable to be answered efficiently by government, and people suffer for their failures. Extreme examples include North Korea when compared to South Korea - there is no difference between the two countries except for the choice of South Korea to all more freedoms to their people. Governments create Propaganda of 'market failures' which typically can only be defined as the price being higher than in the past, so they can 'intervene' to be able to provide an excuse for their existence, and to gain power at the expense of individuals. Societies that have greater government interventions such as regulations, subsidies, taxes, etc, are much worse off economically than those with less interventions.


What economic problems did the new government faces?

It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be a degree of high efficiancy (due to the private sector involvement) and social welfare too (due to the public sector involvement).It allows the Government to intervene when the economy faces market failure. The mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the EU Competition Commission, are able to correct for these failures. If this had been a completely free economic system, Government agencies wouldn't have the means of power to be able to intervene. Furthermore, if it was a centrally planned economic system (communist systems), the Government wouldn't have any drivers behind the intervention which may cause government failure for the market. (Mobeen Iqbal, Bahrain)Writes ModelCitizen:.Government bodies are an amazingly consistent display of their failure to utilize resources efficiently. In fact because they do not face monetary profit or loss, they have no idea if what they are doing is efficient. Questions such as what is an acceptable time for people to wait for medical treatment are unable to be answered efficiently by government, and people suffer for their failures. Extreme examples include North Korea when compared to South Korea - there is no difference between the two countries except for the choice of South Korea to all more freedoms to their people. Governments create Propaganda of 'market failures' which typically can only be defined as the price being higher than in the past, so they can 'intervene' to be able to provide an excuse for their existence, and to gain power at the expense of individuals. Societies that have greater government interventions such as regulations, subsidies, taxes, etc, are much worse off economically than those with less interventions.


Is the government involved with the labor market?

the more people that are employed, the more people that are able to support themselves financially.


Is was able to confirmed correct grammar?

No, it's not correct grammar. The correct way to say it is: "was able to confirm"


What did Adam Smith idea of free market economy proposes?

businesses should be able to run without government interferance


What 4 major requirements for free market to operate?

A free market must be fueled by supply and demand, not be controlled by a government, be able to directly set pricing, and not be affected by laws.


Why do some people believe that a mixed economic system solves basic economic problems?

It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be a degree of high efficiency (due to the private sector involvement) and social welfare too (due to the public sector involvement).It allows the Government to intervene when the economy faces market failure. The mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the EU Competition Commission, are able to correct for these failures. If this had been a completely free economic system, Government agencies wouldn't have the means of power to be able to intervene. Furthermore, if it was a centrally planned economic system (communist systems), the Government wouldn't have any drivers behind the intervention which may cause government failure for the market. (Mobeen Iqbal, Bahrain)Government bodies are an amazingly consistent display of their failure to utilize resources efficiently. In fact because they do not face monetary profit or loss, they have no idea if what they are doing is efficient. Questions such as what is an acceptable time for people to wait for medical treatment are unable to be answered efficiently by government, and people suffer for their failures. Extreme examples include North Korea when compared to South Korea - there is no difference between the two countries except for the choice of South Korea to all more freedoms to their people. Governments create propaganda of 'market failures' which typically can only be defined as the price being higher than in the past, so they can 'intervene' to be able to provide an excuse for their existence, and to gain power at the expense of individuals. Societies that have greater government interventions such as regulations, subsidies, taxes, etc, are much worse off economically than those with less interventions.


What problem did the new government face?

It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be a degree of high efficiancy (due to the private sector involvement) and social welfare too (due to the public sector involvement).It allows the Government to intervene when the economy faces market failure. The mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the EU Competition Commission, are able to correct for these failures. If this had been a completely free economic system, Government agencies wouldn't have the means of power to be able to intervene. Furthermore, if it was a centrally planned economic system (communist systems), the Government wouldn't have any drivers behind the intervention which may cause government failure for the market. (Mobeen Iqbal, Bahrain)Writes ModelCitizen:.Government bodies are an amazingly consistent display of their failure to utilize resources efficiently. In fact because they do not face monetary profit or loss, they have no idea if what they are doing is efficient. Questions such as what is an acceptable time for people to wait for medical treatment are unable to be answered efficiently by government, and people suffer for their failures. Extreme examples include North Korea when compared to South Korea - there is no difference between the two countries except for the choice of South Korea to all more freedoms to their people. Governments create Propaganda of 'market failures' which typically can only be defined as the price being higher than in the past, so they can 'intervene' to be able to provide an excuse for their existence, and to gain power at the expense of individuals. Societies that have greater government interventions such as regulations, subsidies, taxes, etc, are much worse off economically than those with less interventions.


Which is correct being able or been able?

Being able is the correct version of the sentence. You can use it as a fragment of any sentence.


How do you spell able?

Able is the correct spelling.