0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why might a government intervene in the market economy?
Essentially, due to market failure of some type: the market does not efficiently allocate some desirable commodity and the government attempts to correct this misallocation.
The doctrine knows as communism states that government should not intervene in the market place is this true or false?
False.
Who are the buyers in the factor market?
households and government
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.
In the factor market the government acquires land and capital from?
Households
What economic term describes a policy of allowing events to take their own course and stresses that the government not intervene in the market place?
Laize Fair
What is the governments role in the factor market?
The role of the government in the factor market is to legislate favorable policies. The other factors include employment determination, wages and labor supply.
Who owns the factor of production in free market?
Free markets are owned by the govern,ent, and so everything inside that market is the government.
What is a Mixed-market?
A mixed market economy is one in which most decisions are made by producers (firms) and consumers (households), but the government does have a role in the economy: to ensure that equity/fairness takes place and that everything runs smoothly also the Government plays the role of a market / Economy Watcher they sit back and only intervene when needed.
What mixed market economy?
A mixed market economy is one in which most decisions are made by producers (firms) and consumers (households), but the government does have a role in the economy: to ensure that equity/fairness takes place and that everything runs smoothly also the Government plays the role of a market / Economy Watcher they sit back and only intervene when needed.
What is a mixed-market economy?
A mixed market economy is one in which most decisions are made by producers (firms) and consumers (households), but the government does have a role in the economy: to ensure that equity/fairness takes place and that everything runs smoothly also the Government plays the role of a market / Economy Watcher they sit back and only intervene when needed.
Why do government intervene in industrial relations?
i think yes
