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Q: Why does the US government create regulatory What is regulation in an economic systemagencies?
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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.


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.


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.


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 did government regulation of trade limit economic growth under the system of mercantilism?

It prevented expansion of trade with other countries.


How did the government regulation of trade limit economic growth under the system of mercantilism?

It prevented the expansion of trade with other countries.