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role of market and government in economy
The government impose a restriction on factory emissions
A pure market economy is a perfect scenario in which both producers and consumers are at liberty to make economic decisions that suit them. This type of economy is only known to exist in theory.
yes it is a free market government
It is a controlled by the government
role of market and government in economy
The government impose a restriction on factory emissions
economychina is an example of market economy because people sale things freely government does not tell sellers how much to charge
A pure market economy is a perfect scenario in which both producers and consumers are at liberty to make economic decisions that suit them. This type of economy is only known to exist in theory.
South Africa has a market economy.
yes it is a free market government
It is a controlled by the government
It has imposed minimum wage laws.
Now a days China is the big and best example of market economy that we are used.
The government.
The government.
Generally, the US government allows for the market to act unimpeded unless it causes serious social losses. For example, the government intervenes and regulates in cases of lack of competition, imperfect information, dangerous production or distribution, and externalities.