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What is a 'failure of free market policy' from an economic point of view?
Wiki User
∙ 14y ago
Hard to answer I guess, but you could take a look at two countries who are sceptical towards a free market: Sweden and Norway, with the latter having a labour/socialist government.
They are two of the most prosperous countries in the world, so I guess it is no disadvantage...
Wiki User
∙ 14y ago
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What was a major point of debate between the Whigs and democrats on economic policy?
How much government should be involved in the economy
What was a major point of debate between Whigs and democrats of economic policy?
How much government should be involved in the economy
What extent should government intervene in free trade?
In a free enterprise (market) economy, the expected role of the government is to allow free operation of the market unless market failure occurs at which point it intervenes to prevent welfare losses.
What is the definition of a disease from economic point point?
failure of cell,tissue,organ,system and body partially or completelly to convert iputs to specific output due to effects of internal and or external causes.
What in your opinion will be an appropriate price policy if the demand reaches its saturation point and the substitute products are likely to enter the market?
what kind of policies can be implemented
What was a major point of debate between the Whigs and democrats on economic policy?
How much government should be involved in the economy
What was a major point of debate between Whigs and democrats of economic policy?
How much government should be involved in the economy
What is meant by market failure?
There are two similar but significantly different definitions of "market failure":A situation where the motivations of market-actors prevent the market from reaching maximally efficient equilibrium over timeA situation in which allocation of goods and services by a free market is currently not maximally efficient at a given time.The first definition is the more meaningful definition in relation to government policy.An often seen incorrect definition of market failure is when the quantity of a product demanded by consumers is not equal to the quantity supplied by suppliers. That is instead called a shortage or surplus.
What has the author M W Hanif written?
M. W. Hanif has written: '25-point socio-economic programme' -- subject(s): Economic policy, Politics and government
What is the definition of a disease from economic point point?
failure of cell,tissue,organ,system and body partially or completelly to convert iputs to specific output due to effects of internal and or external causes.
What extent should government intervene in free trade?
In a free enterprise (market) economy, the expected role of the government is to allow free operation of the market unless market failure occurs at which point it intervenes to prevent welfare losses.
What in your opinion will be an appropriate price policy if the demand reaches its saturation point and the substitute products are likely to enter the market?
what kind of policies can be implemented
What is a point at which a bridge breaks?
Point of failure
What is a point which a bridge breaks?
Point of failure
Point at which a bridge breaks?
Point of failure
After the breakup of the Soviet Union nearly every republic moved from a Communist economic system to a mixed mercantile planned market one?
umm I miss you and your point is
What are the basic causes of economic recessions?
Economic recessions have their roots in a failure of the business sector to offset the savings of the economy through sufficient investment. Other reasons can be the failure to recognize and change to meet foreign competition such as General Motors losing large market shares in automobiles. Other reasons can be over aggressive investments in areas of the economy that are weak. The inability to pay back lending banks by a failed sector of the domestic or an international market can cause a bank to reach the point of needing to merge with another one. This causes a loss of confidence in the banking system. If not addressed by the Federal Reserve Bank of NY or other regulatory agencies, this will hurt the economy.
