1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qaws [65]
3 years ago
12

Why does the free-market system require government regulation?

Business
2 answers:
Elenna [48]3 years ago
7 0
 In free-market system <span>the business is privately owned and operated, which means that it  is not owned or controlled by the government.</span>
The free-market system require government regulation, because the producers are driven by the profit motive to work against competition. Government regulation will enable and ensure fair competition and protect consumers.
solniwko [45]3 years ago
6 0

Explanation:

Although the free market has its virtues, such as the determination of the competitive price and the desired produced quantity, it can cause deepening in income inequality and poverty. This is because although it is efficient in production, distribution will not necessarily reach everyone, building exorbitant inequalities and poverty. Also, it tends to monopolies that can be harmful to consumers. Thus, regulation is needed for a better return to society.

You might be interested in
Edmund must pay $6 each for punk rock video cassettes, ????. Edmund is paid $24 per sack for accepting garbage, ????, and his re
Viefleur [7K]

Answer: Edmond's budget line equation is 6V - 24G = 48

Explanation: A Budget Line is also called as Budget Constraint. It shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level.

Let Punk video cassette = V

Garbage = G

Therefore, Edmond's budget line equation will be a combination of the punk video cassette less the garbage he is paid for equal to his allowances

6V - 24G = 48

5 0
4 years ago
The fed’s efforts to manage interest rates and thus the availability of credit is known as?
SIZIF [17.4K]

The fed’s efforts to manage interest rates and thus the availability of credit is known as monetary policy.

To control the total quantity of money in circulation, promote economic growth, and put into action policies like raising interest rates and changing bank reserve requirements, a nation's central bank employs a collection of tools known as monetary policy. The three main tools of monetary policy are the discount rate, reserve requirements, and open market activities.

The Fed influences the cost and accessibility of credit and money to maintain a strong economy as the nation's monetary policy regulator. The three objectives of monetary policy are to curb inflation, moderate employment levels, and maintain long-term interest rates.

To know more about monetary policy refer to: brainly.com/question/28038989

#SPJ4

8 0
2 years ago
In some countries with very high inflation rates, citizens tend to spend their money as fast as they receive it in order to keep
ch4aika [34]

In some countries with very high inflation rates, citizens tend to spend their money as fast as they receive it in order to keep it from losing any more of its value. Under these conditions, money is said to lack stability

Explanation:

In most situations, two main factors of a high inflation rate are present in a national economy, which in most countries at the very most. Firstly, an increase in consumer spending in comparison to supply could lead to high inflation. The prices rise when more people fought about fewer goods.

Price stability ensures that excessive inflation and deflation are prevented.

Inflation represents an increase in the overall value for money and purchasing power of products and services within an economy over a prolonged period of time. Deflation is a fall over a longer period of time in the overall price cost for goods and services.

4 0
3 years ago
Please please.pleas help me
Scilla [17]
Answer: in pic
explanation: found here https://environmental-conscience.com/being-a-consultant-pros-cons/

8 0
3 years ago
Which of the following are all strategies for improving productivity in​ services? A. high​ interaction, mass​ customization, se
MissTica

Answer:

E. ​separation, self-service,​ automation, and scheduling.

Explanation:

Increase in productivity in a business aims to increase the efficiency of an individual or process involved in production of useful output.

Strategies for improving productivity includes separation, self-service,​ automation, and scheduling.

When there is seperation in services available to a customer, they easily identify the most relevant one to them.

Self service gives control of the process to the customer, resulting in greater satisfaction.

Automation reduces the turnaround time of processes and refocuses labour to more complex activities. So production efficiency increases.

Scheduling reduces time wastage by assigning time to complete activities.

4 0
3 years ago
Other questions:
  • Listed options on U.S. exchanges are available on all of the following currencies except:_________.A) Canadian dollar. B) Japane
    10·1 answer
  • Which of the following is the most popular framing system used today?
    13·1 answer
  • At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 ga
    7·1 answer
  • Marketing research traditionally has been associated with manufacturers of consumer goods. Today, an increasing number of organi
    5·1 answer
  • Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies fo
    15·1 answer
  • A project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or
    12·2 answers
  • Joe Jones, Inc. has a beta of .85. The risk-free rate is 5% and the expected rate of return on the market portfolio is 10%. a. C
    12·1 answer
  • Mexico can produce vine-ripened tomatoes at a lower opportunity cost than firms in the United States. Through trade negotiations
    11·1 answer
  • The last step in the decision-making process is where you_____your decision, This helps you to look back on your decision and de
    12·1 answer
  • A decrease in the price of toothpaste in a tube can lead to a decrease in the purchase of toothpaste in a pump. This means:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!