The study of how society uses its limited resources
Almost 20% of the United States GDP is actually made up of Government Spending.
Contrary to popular belief the United States is NOT an example of a pure capitalist state.
The government intervenes quite often to provide schools, food banks, hospitals, universities, roads and even bails out banks and large corporations. The government even has anti-competition and anti-monopoly laws.
A pure capitalist state would mean even lower intervention by the Government and a free hand of Demand and Supply.
Answer:
Make sure you start with a thesis end with a conclusion and indent on every paragraph
Explanation:
The US Congress acted to regulate the practices of business during the gilded age by not creating any law for the growth of monopolistic businesses.
Option A is the correct answer.
<h3>
What is a monopoly?</h3>
A monopoly is a type of economic market where there is a sole seller in respect of selling a certain kind of product with no close substitutes.
Gilded Age was the time period of increase in the economic growth of the US country from the year 1870 till the year 1900. It was the time span where the US country flourished its businesses in the large sector of the economy like factories, mining of coal, and building of railroads.
Therefore, there was no law passed for encouraging monopolistic businesses in the Glided age by the US congress.
Learn more about the glided age in the related link:
brainly.com/question/21199270
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