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The government shouldn't intervene in resource allocation. The idea that politicians without a profit motive (usually with their own reelection as a motive) could possibly reliably allocate resources more effectively than private entrepreneurs is the height of hubris.
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∙ 14y ago
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What is the doctrine that states that government generally should not intervene in the marketplace?
laissez faire
What extent should government intervene in free trade?
In a free enterprise (market) economy, the expected role of the government is to allow free operation of the market unless market failure occurs at which point it intervenes to prevent welfare losses.
The doctrine that maintains that the state should not intervene is called what?
Laissez faire
Can economic analysis provide a final answer to the question of whether the government should intervene in markets by imposing price ceiling and price floors?
Economic analysis cannot provide such an answer because it seeks to address positive questions such as "what is."
Why the government participates in the economic affairs?
There are times when the government should let the market work, because fair competition leads to competitiveness and productivity. There are other times when the government should intervene, as in the case of monopolies using unfaircompetition to cheat the rest of society.
How much should the government intervene in the private lives of citizens?
Not at all
What is the doctrine that states that the government should not intervene in the marketplace?
laissez faire
What is the doctrine that states that government generally should not intervene in the marketplace?
laissez faire
What doctrine that states that the government generally should not intervene in the marketplace?
laissez faire
The doctrine knows as communism states that government should not intervene in the market place is this true or false?
False.
What group were concerned with working conditions and thought that government should intervene in unfair practices?
Coal mining.
Adam Smith believed that government should intervene in economic activities?
Absolutely False.
What circumstances should governments intervene in religious practices?
5 Circumstances under which the government should intervene on theReligious rights of others:-should not affect the faith or beliefs of other human beingsShould not lead the practitioner into degeneration of humanitarianismShould not force others to join their religionShould not be based on radical fanaticismShould not be against the law of nature
To what extent should government intervene in the lives of their citizens?
The extent to which government should intervene in the lives of their citizens is a complex question with no definitive answer. However, government intervention should aim to protect the rights and well-being of citizens, ensure equal opportunities, and create a just and inclusive society. It should strike a balance between providing necessary public services and preserving individual liberties and privacy. Ultimately, the level of intervention should be guided by the principles of democracy, accountability, and respect for human rights.
Should people who witness bullying intervene?
Yes, bystanders should intervene. Having someone just standing around will not help the situation.
What is an example of a situation where the government has the police power to intervene to correct a health concern?
Cigarette packages should carry a warning of the health issues involved with smoking.
What extent should government intervene in free trade?
In a free enterprise (market) economy, the expected role of the government is to allow free operation of the market unless market failure occurs at which point it intervenes to prevent welfare losses.
