What is the role of government in a Free Market?

A. To maintain the rule of law, take care of public goods and services, and to regulate businesses when needed.
B. To tell businesses what to produce, how much to produce, and what the product will cost.

Question

18-06-2024
Social Studies

Answered

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What is the role of government in a Free Market?

A. To maintain the rule of law, take care of public goods and services, and to regulate businesses when needed.
B. To tell businesses what to produce, how much to produce, and what the product will cost.

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-18T16:56:26-04:00

Final answer:

Government's role in a free market includes maintaining the rule of law, providing public goods, and regulating businesses.

Explanation:

The role of government in a free market is multifaceted. It involves maintaining the rule of law, taking care of public goods and services, and regulating businesses when necessary. Governments also play a crucial role in correcting market failures related to public goods, externalities, and imperfect competition.

Learn more about Government's role in a free market here:

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Final answer:

Explanation:

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