answersLogoWhite

0


Best Answer

A + students to correct the few abuses that may occur

to collect taxes

The whole point of laissez-faire Economics is that the government does not have any stake in regulating business at all.

User Avatar

Kamryn Pfannerstill

Lvl 10
βˆ™ 2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is government regulation necessary in capitalist system according to those who believe in laissez faire?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Why is government regulation necessary. in a capitalist system according. to those who believe in laissez?

A + students to correct the few abuses that may occur to collect taxes The whole point of laissez-faire economics is that the government does not have any stake in regulating business at all.


What was a negative factor in the emergence of small business that is considered necessary for a capitalist economy?

venture capital


Which of these was not a negative factor in the emergence of small businesses that considered necessary for a capitalist economy?

venture capital for all the A+ students :)


Why is government regulation necessary in a capitalist system according to those who believe in laissez-faire?

Regulation is necessary in a capitalist system because crooks exist. Some capitalists, such as Bernie Madoff, will create Ponzi schemes. Some such as Joseph P. Kennedy will manipulate the Stock Market. Some such as John D. Rockefeller will use their abilities in the oil business to undercut competition and drive them out of business.Allowing builders to do away with the safe building codes allowed Hurricane Andrew in South Florida to destroy houses and buildings built after 1981 while those built before that date survived without damage.Allowing builders to put locks of fire doors allowed the deaths of hundreds in the New York shirtwaist factory fire.The list is endless.Think of what red lights would mean without cops. Every city would look like an American Western. I know what gun I would carry. Do you?


Why is the idea of sanctity of contracts necessary to a capitalist economic system?

Sanctity is one of the governments judicial reviews that's necessary to the system, the system is needed for ZANNNEEEEEEEEE Sanctity is one of the governments judicial reviews that's necessary to the system, the system is needed for ZANNNEEEEEEEEE

Related questions

Why is government regulation necessary. in a capitalist system according. to those who believe in laissez?

A + students to correct the few abuses that may occur to collect taxes The whole point of laissez-faire economics is that the government does not have any stake in regulating business at all.


Why is governments regulation necessary in capitalist system according to those who believe in laissez faire?

A + students to correct the few abuses that may occur to collect taxes The whole point of laissez-faire Economics is that the government does not have any stake in regulating business at all.


What was a negative factor in the emergence of small business that is considered necessary for a capitalist economy?

venture capital


Main features of a capitalist system?

A capitalist system involves people working for themselves in order to make a profit. A capitalist government usually believes in rare government intervention, low taxes on businesses, promoting privatisation and encouraging foreign investment.


Who believed that a revolution against the capitalist system was inevitable and necessary to establish a classless society?

Karl Marx


According to Weber which religion was a necessary condition for the development of capitalism?

Max Weber argued that Protestantism, particularly the Calvinist branch, was a necessary condition for the development of capitalism. He believed that the Calvinist emphasis on hard work, discipline, and frugality contributed to the growth of capitalist economies in Western Europe.


Which of these was not a negative factor in the emergence of small businesses that considered necessary for a capitalist economy?

venture capital for all the A+ students :)


How has cultivation been important to the development of humans?

It involves the regulation of Available and Necessary Foodstuffs.


Why is it necessary for the country to have a government?

its necessary for a country to have a government because technically there would be no control


Did the American federation of Labor believed it was necessary to replace the capitalist system with socialism?

No, or as Education2020 would like you to say -- FALSE


Why is taxation necessary?

The best answer is here Why is taxation necessary? The opinion β€œFor what logic would it live advisable for me I create exemplary on unique expenditure?” could have entered your thoughts basically a couple of times, particularly while going through your compensation slip or documenting government forms. I have written in detailed analysis on my blog if possible please read the full article on my blog while going by the below link. hellomawa dot com/why-is-taxation-necessary/


Why is control of genes expression necessary?

Regulation of gene expression is necessary because organisms need to be able to adapt to their environments and perform different functions.