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Why does free - market system require government regulation?
Producers are driven by the profit motive to work against competition
Why does the federal government attempt to reserve competition among business enterprises?
The federal government seeks to preserve competition among business enterprises to promote consumer choice, innovation, and fair pricing. By preventing monopolies and anti-competitive practices, such as collusion and price-fixing, the government aims to create a level playing field that fosters a dynamic market environment. This competition not only benefits consumers through lower prices and better quality products but also stimulates economic growth and job creation. Ultimately, a competitive market supports the principles of a free economy and ensures that no single entity can dominate and dictate market conditions.
The regulatory mechanism of the market system is?
competition
Did Rockefeller like the government?
John D. Rockefeller had a complex relationship with the government. As a prominent businessman and founder of Standard Oil, he often opposed government regulation and intervention in the market, viewing such actions as threats to his business. However, he also recognized the importance of government in maintaining order and stability, and later in his life, he supported various philanthropic efforts that aligned with public interests. Overall, while he favored a free market, he understood the government's role in society.
What was the goals of the Southerner's in the supporting the annexation of Texas?
It was to avoid competition in the cotton market
What is an example of perfect competition?
role of market and government in economy
What is the market structure with the most competition?
Perfect Competition
What is the market concentration ratio of a perfect competition?
The market concentration ratio for perfect competition is Low (Less than 40%).
What is the market structure?
Perfect Competition
What market has no government intervention?
Somalia
Can you find some basic aspect of perfect competition which is essentially absent in stock market?
yes indian stock market perfect competition in market
Types of Market Competition?
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
Does perfect competition market exist in the market world?
Check
What is the simplest market structure?
Perfect Competition
Different types of market structure?
monopoly,perfect competition,monopolistic competition,
What is market equilibrium under perfect competition?
it is a state in which market demand = market supply
Why does even a free enterprise market economy need some government intervention?
Even a free market economy needs government intervention to provide for things that the marketplace does not address.
