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Why does the government need to regulate the free market to protect competition?
Kingstonz
Producers driven by the profit motive seek to reduce their competition.
Wiki User
∙ 7y ago
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What were legal questions raised as a result of the new market economy?
-how tightly should patents protect inventions? -should the government regulate monopolies? -can a democratic government still support slavery?
What is an example of perfect competition?
role of market and government in economy
What are the key drivers of globalization?
market, cost, technology, government and competition.
What is the essential government role in market economies?
One essential government role in a market economy is regulation. This allows for competition without monopoly.
What influences a market economy?
supply and demand competition no government interaction idk if these are right????
What do government regulation of the free market is require to do?
Ensure competition and protect consumers
What were legal questions raised as a result of the new market economy?
-how tightly should patents protect inventions? -should the government regulate monopolies? -can a democratic government still support slavery?
What is an example of perfect competition?
role of market and government in economy
What are the key drivers of globalization?
market, cost, technology, government and competition.
Why does free - market system require government regulation?
Producers are driven by the profit motive to work against competition
What is the essential government role in market economies?
One essential government role in a market economy is regulation. This allows for competition without monopoly.
What theory did Adam smith developed?
Invisible hand theory, the economy will regulate itself without government intervention
How you can protect your electronic Business?
From what? Rain, wind, fire, patent infringement, legitimate open market competition?
The free market system cannot exist without government regulations for what?
The profit motive undermines competition unless competition is protected.
What is a example of pure competition?
Pure competition is one that occurs when there are no artificial factors introduced in the market. This means that there would no government regulation.
What influences a market economy?
supply and demand competition no government interaction idk if these are right????
When is it best for government to play a role in the market?
Governments should intervene in the market when there are market failures such as monopolies, externalities, or public goods provision. Additionally, government intervention is warranted during emergencies or crises to stabilize the economy. Ultimately, the goal is to create a balance that promotes competition, protects consumer rights, and ensures fair market practices.
