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Government that regulates and promotes businesses in a?
This situation is described as having a mixed economy. The government is neither in complete control nor completely hands-off.
How did John Maynard Keynes view government's role in the economy?
He advocated a strong role of govt. in managing the economy...
What are the different types of economics?
There are Market, Command (AKA Planned), And Mixed. In a Market Economy (Capitalism) Governments play a minor role. Command Economy (Often associated with Socialism and Communism) All major decisions are made by the government. Mixed Economy (Can be argued that it is the American System) Draws elements of both Market and Command to varying degrees.
Which of these explains the way John Maynard Keynes viewed government's role in the economy?
He advocated a strong role of government in managing the economy by adjusting spending levels and tax rates.
How are goods produced in a mixed economy?
In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
