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Why is government protection of consumers important in a capitalist economic system?
Wiki User
∙ 14y ago
because it strengthens the economy
Wiki User
∙ 14y ago
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Why consumer protection in the real estate sector is important?
While there are plenty of honest people working in the real estate sector, there are just as many that are fraudulent. A high level of consumer protection is needed with this industry to ensure that consumers don't get taken advantage of in real estate transactions.
What is the main purpose of value to consumers?
it is what is important to the consumer.
Why Is sun Important to producers and consumers?
because if the producers don't get sunlight they wont grow thus the consumers will have nothing to eat
Why is fiscal policy important in a capitalist society?
Fiscal policy, are decisions made by the President and Congress, usually relating to taxation and government spending, with the goals of full employment, price stability, and economic growth. By changing tax laws, government can effectively modify the amount of disposable income to its taxpayers. For example, if taxes were to increase, consumers would have less disposable income and in turn less money to spend on goods and services. The difference in disposable income would go to the government instead of going to consumers, who would pass the money to companies. Or, the government could choose to increase government spending by directly purchasing goods and services from private companies. This would eventually increase the disposable income available to consumers. Unfortunately, this process takes time, as the money needs to wind its way through the economy, creating a significant lag between the implementation of fiscal policy and its effect on the economy. The people who should come to mind when discussing the fiscal policy is John Maynard Keynes, the father and a British economist who ideas affected macroeconomics, democrats, and politics in government, and our current President, Barack Obama, the head.
What are six important characteristics of a pure economic market system?
1. Ownership of private property/ 2.Perfect competition . 3. Profit motive. 4.Consumers' soveriegnty. 5. Freedom of occupational choice. 6. Least government interference.
Is police protection important?
The complete definition is: The civil force of a national or local government, responsible for the local prevention and detection of crime and the maintenance of public order.
What are the most important functions of the local government?
The three most important functions of local government are to govern the local population, provide protection, and promote the economy. A strong and successful local government will help to ensure prosperity for the area.
What is the most important modern society today?
The most important modern society is the capitalist society.
Why consumer protection in the real estate sector is important?
While there are plenty of honest people working in the real estate sector, there are just as many that are fraudulent. A high level of consumer protection is needed with this industry to ensure that consumers don't get taken advantage of in real estate transactions.
Are all castles in Ireland owned by the government?
No, but most important buildings are under the protection of heritage boards that stop owners from changing the buildings
What is the importance of whistle-blower protection act?
The whistle-blower protection act is an important law that protects individuals whom work for the government and report misconduct. The whistle-blower act provides protection to employees to ensure they are not threaten with job loss or lawsuit.
What is a list of the three important roles consumers play?
services consumers producers workers
Why protection of electrical systems is important?
what is the electrical system protection
Why is ecosystem protection important to you?
ecosystem protection is important to me because it includes the environment and the supplies we need to survive
Why producer and consumers is important?
producers are very important in the food chain because all living creatures eat producers to live.they are called consumers.
Why are consumers important to an ecosystem?
they are important because they make they own fodd i think.
Why is money not important living in a capitalist based society?
"Money" or capital, is the driving force for a capitalist system. Without investments, the businesses which employ the labor force cannot expand and adapt to their markets.
