Imagine that you have opened a factory. You have decided to produce bicycles. You can produce as many bicycles as you would like
, but government regulations prevent you from charging more than $200 for your bicycles, in order to protect competition in the marketplace. Which statement correctly names this type of economy and explains its democratic benefit? A market economy protects the rights of the individual over what is best for corporations. A market economy limits what companies can do or sell and keeps individual rights intact. A mixed economy offers some protection for consumer rights but still allows a good deal of choice. A mixed economy allows free competition to determine how best to treat consumers without limiting corporations.
The correct answer is: " A mixed economy offers some protection for consumer rights but still allows a good deal of choice"
In a mixed economy markets operate under the supervision of governments and economic authorities that intervene to soften inequalities and unfair outcomes.
On one hand, economic decisions are reached by the interaction of individuals, firms and goverment in the markets. But, on the other hand, economic authorities implement income redistribution systems that reduce income inequalities and generate fairer market outcomes for all the individuals that conform the society.
At least Nine of thirteen states need to approve the law under article of confederation.Article of confederation was the first constitution of United States came into force from March 1, 1781 to June 21, 1788 which was written document, according to which government functions in United states who gives powers to state to approve or Amend the articles by proving majority.
Most historians would say yes. Hoover was famously "hands off" in terms of helping America get through very hard economic times. FDR, was the opposite--he was very proactive.
