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It is because sometimes market fails to satisfy the needs of the consumers.So in that case we call it market failure.so therefore government needs fto intervene in order to keep the economy up the great standards,like in SA it is always the case for inflation to rise everyday wonder why?
What else can I help you with?
Why was there resistance to federal government intervention in the early years of the Great Depression?
Hoover's predecessors had taken a hands-off approach to business, which he agreed with.
What is one reason government intervention proved necessary during the Great Depression?
Bank failures and credit problems meant spiraling unemployment, home losses, and business failures.
How was laissez fair practiced in the gilded age?
The U.S. government rarely intervened in business affairs. Entrepreneurs like Morgan, Rockefeller and Carnegie did as they wished, true to the laissez-faire ideology (non-intervention).
What was the relationship between government and business during the great depression?
There were no government incentives for businesses.
How did business leaders and social critics view government's role in business differently?
Allow them to raise prices = social critics: government is a tool of govern social. =
What are the disadvantage and advantage of having a government in a country?
The advantage of a federal form of government is the fact that there is a governing body overseeing what goes on in the country. On the other hand, this means that the states are told what to do by a national power, which can also have negatives.?æ
Advantage and disadvantage of family business opportunity?
advantage and disadvantage of family business oportunity
What are the advantage and disadvantage of middlemen?
Dan Dewri is the great Business men in the world.
Advantage and disadvantage of material management?
One advantage of material management is the ability to control pollution. A disadvantage to material management is the fact that it can be a complex area of business.
What are the Advantages and disadvantages of business report?
Advantage: You get money. Disadvantage: You lose money.
Assess Advantages and disadvantages of government intervention in business?
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Why study business?
wehave to study a business so that we all know the weknessess and strength of it, and to know what is the advantage ang disadvantage of it.
What is the advantage and disadvantage of buying and selling business?
The advantage is that when we sell things we get benefit and on the other side we have to buy goods so then we get more and more money
What are the advantages and disadvantages of a business accepting cash?
Advantage- gets cash. Disadvantage- you cannot say that you are a not-for-profit orginazation.
What are the advantage and disadvantage of small or medium-sized family business?
Small - Limits the amount of staff therefore limiting the workload and therfore limiting the profits of the business
What are the advantages and disadvantages of strategic business unit?
An advantage of a strategic business unit is its ability to react to change. A disadvantage is the need for advanced technology to make decisions.
What are the advantage and disadvantage of small or medium sized family business?
Small - Limits the amount of staff therefore limiting the workload and therfore limiting the profits of the business
