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Which of theses are elements of the economic system of government?
regulation, manufacturing, and distribution of goods
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.
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.
Why do economists describe the us economy as a mixed market economy?
Citizens have economic freedoms with some government regulation
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
Which of theses are elements of the economic system of government?
regulation, manufacturing, and distribution of goods
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.
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.
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.
How do independent regulatory influence the us government?
They ensure that Congress does not directly control many economic regulations.
Why do economists describe the us economy as a mixed market economy?
Citizens have economic freedoms with some government regulation
How does the system in the government contributes to economic crisis?
Government systems can contribute to economic crises through ineffective policies, poor fiscal management, and regulatory failures. For instance, excessive debt accumulation and unsustainable spending can lead to budget deficits, while inadequate regulation can result in financial market instability. Additionally, political instability or corruption can undermine investor confidence, leading to capital flight and reduced economic growth. Ultimately, these factors can create a cycle of economic downturns, further exacerbating the crisis.
How did government regulation of trade limit economic growth under the system of mercantilism?
It prevented expansion of trade with other countries.
