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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.
What Mixed 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 the role of government in a mixed economy like nigeria?
mixed economy
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.
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?
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.
Who is the father of the mixed economy?
John Maynard Keynes was the father of a "mixed economy" in which the government plays a crucial role.
You live in an economy with a circular flow of influences and inputs between producers and consumers What kind of economy do you live in?
A. Free market
What role do businesses and consumers play in a consumer economy?
They both can make or break the economy. Great business that adds value for consumers will be appreciated and so does the economy grows. Shane | URLdreamer.com Consultant |
What is the role of a consumer in a mixed economy?
they eat everything that the producers make for them
What is the Role of the households in the economy?
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
What is the role of households in a free market economy?
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
Which best describes the role that workers play in the economy?
Workers play both as consumers and producers.
