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What is the the type of economy where people carry on their economic affairs freely but are subject to some government intervention and regulation?
When people can carry out their economic business freely but are also subject to some government intervention and regulation, that is called a mixed economy. It is a mixture of capitalism and socialism.
What did supporters of laisse-faire favor?
Laissez-faire advocates oppose any government intervention or regulation of economic transactions or behavior
Why did business leaders oppose government regulation of business?
Business leaders opposed government regulation of business primarily because they believed it stifled innovation, competition, and economic growth. They argued that regulations could impose unnecessary costs and constraints on operations, making it harder for companies to thrive. Additionally, many felt that the free market should determine business practices rather than government intervention, which they viewed as an infringement on individual and corporate freedoms. This perspective often emphasized the belief that minimal regulation would lead to greater efficiency and consumer benefits.
Which of theses are elements of the economic system of government?
regulation, manufacturing, and distribution of goods
What is the economic system in which private business operates competetively for profit with minimal government regulation?
"Free market" economy
What is the the type of economy where people carry on their economic affairs freely but are subject to some government intervention and regulation?
When people can carry out their economic business freely but are also subject to some government intervention and regulation, that is called a mixed economy. It is a mixture of capitalism and socialism.
What did supporters of laisse-faire favor?
Laissez-faire advocates oppose any government intervention or regulation of economic transactions or behavior
What is Direct Regulation in commerce?
Direct regulation is the economic style of command economies, like communism where all economic decisions are made by government.
Which of these are elements of the economic system of government?
regulation, manufacturing, and distribution of goods
Why did business leaders oppose government regulation of business?
Business leaders opposed government regulation of business primarily because they believed it stifled innovation, competition, and economic growth. They argued that regulations could impose unnecessary costs and constraints on operations, making it harder for companies to thrive. Additionally, many felt that the free market should determine business practices rather than government intervention, which they viewed as an infringement on individual and corporate freedoms. This perspective often emphasized the belief that minimal regulation would lead to greater efficiency and consumer benefits.
Which of theses are elements of the economic system of government?
regulation, manufacturing, and distribution of goods
What is the economic system in which private business operates competetively for profit with minimal government regulation?
"Free market" economy
Economic policy by which the government minimizes its regulation of industry?
laissez-faire laissez-faire
Which event led to the most dramatic expansion of economic regulation by the federal government?
The Great Depression.
Why do the economic systems of other countries have in common with the economic system of the US?
Most countries have similar economic systems, which are a mixture of a free market and government regulation.
A model economic system in which all economic desicions are left to the market?
A popular model is the free market, where the market has no government intervention or regulation.
President Theodore Roosevelt's square deal and president Lyndon Johnson's great society were similar in that both?
they both increased the role of the Federal Government in dealing with social and economic problems
