In a command economy (also known as a planned economy), government central planners determine what goods and services will be produced, the amount of goods and services produced, and at what cost to the consumer.
In a capitalist economy the job or role of government is to make the national defense stronger, maintain law and order, and regulate the money supply. The government does not have a huge role in this type of economy.
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Answer:
State law standard.
In a diversity case, federal trial courts are required to apply a <em>state law standard</em> when considering a motion for a new trial based on the excessiveness of the verdict.
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