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Subjects>History>American Government

Why does free - market system require government regulation?

Anonymous

∙ 10y ago

Updated: 8/18/2023

Producers are driven by the profit motive to work against competition

Charlotte Smith ∙

Lvl 4

∙ 4y ago

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The free - market system requires government regulation to protect consumers. This system is run by monopolies who would abuse and manipulated consumers if not regulated by the government.

Wiki User

∙ 10y ago

to correct the few abuses that may occur

Wiki User

∙ 15y ago

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Continue Learning about American Government

Which of these are elements of the economic system of government?

regulation, manufacturing, and distribution of goods

What are Two core values in out government system?

Democracy and capitalism. Democracy is our political system based off the idea that government should be for the people, by the people. Capitalism is the economic system that allows citizens to control the market without government interference , thus giving in the term "free-market".

Which early architect of government is being described below?

1. Regulation of currency, 2. Provides safety through the armed forces, 3. Maintenance of the mail system, 4. Regulation of commerce, 5. Promotes freedom and equality

Match the following actions with the system in which the government performs them.?

Free-market system - Protecting property rights. Socialism - Providing equality of wealth. Planned economy - Making production decisions.

A system of government by groups or officals?

A system of government by groups or officals?

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