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What is one major use of government fiscal policy?
One major use of government fiscal policy is to allow the government to control its own spending on programs.
How does the government inform and protect consumers?
the government can reduce the taxes on the commodities, it can also use price control that is price cealing
Which economic practice has been most consistently followed by government throughout US history?
use of protetective tariffs to suport industry
How was John Rockefeller able to control the oil industry?
John D. Rockefeller was able to control the oil industry primarily through the formation of the Standard Oil Company, which utilized aggressive business practices such as horizontal integration and vertical integration. By acquiring rival companies and controlling the supply chain from production to distribution, he significantly reduced competition and lowered costs. Additionally, Rockefeller negotiated favorable rates with railroads for transporting oil, further solidifying his dominance. His strategic use of trusts also allowed him to maintain control over a vast network of oil-related businesses.
What was one of the main reasons john d Rockefeller was able to succeed in the oil industry?
One of the main reasons John D. Rockefeller succeeded in the oil industry was his innovative approach to business, particularly his focus on efficiency and cost-cutting. By implementing rigorous management practices and refining processes, he was able to produce oil at a lower cost than his competitors. Additionally, his strategic use of vertical integration allowed him to control every aspect of oil production and distribution, further consolidating his dominance in the market. This combination of efficiency, innovation, and strategic control helped him establish Standard Oil as a formidable force in the industry.
What is an economic system which says that land business and industry should be owned and run by individual citizens and not by the government?
A system where land, business, and industry are owned and operated by individual citizens rather than the government is known as capitalism. In capitalism, individuals have the right to own property and make decisions on how to use their resources for economic gain, without government interference or control.
What is one major use of government fiscal policy?
One major use of government fiscal policy is to allow the government to control its own spending on programs.
In socialism but in communism the government plays a strong role true or false?
Yes, I suppose that is true. But surely the government is supposed to do that in all forms of government. If the Government doesn't have a large influence on the economy of the state, however it is governed, what else is there for the government to do ? Do you suggest the economy should be outside the control of the government ? Because surely if it is what you are voting for is also beyond the control of your vote to influence. -----TRUE
What is the use of government spending to control the economy known as?
Fiscal Plicy
Did Andrew Carnige use horizontal or vertical consolidation to gain control of the steel industry?
He used both
Should the government control the amount of gas every person is allowed to use?
No.
Do Capitalism and Socialism differ in their attitudes about how much control government should have over business and industry?
Generally speaking, Yes. Capitalists argue that the government should have no role or a minimal role in controlling and directing businesses. Socialists argue that the government should either own and direct business or use stringent regulations to guide business activities.
How does the government inform and protect consumers?
the government can reduce the taxes on the commodities, it can also use price control that is price cealing
How do you control the use of taxation?
Taxation is when the government adds taxes to different products or services. There are several ways to control the use of taxation one of which is by different laws that are passed.
Who holds the power in an oligarchic government?
A small group of people, usually rich. Rich people in control use this to their advantage to control people.
What imperialistic forms of control did the European government use to govern?
Sphere of Influence and Economic Imperialism
Which economic practice has been most consistently followed by government throughout US history?
use of protetective tariffs to suport industry
