Answer:
Authoritarianism is a form of government in which the people have zero participation; dictatorship. And a Monarchy is ruled by the royal family and they don't always have complete control like dictators.
The traditional business cycle is a cycle of economic boosts and recessions; <span>stagflation is an economic recession. </span>
Answer:
Governments intervene in markets to address inefficiency. In an optimally efficient market, resources are perfectly allocated to those that need them in the amounts they need. ... Inefficiency can take many different forms. The government tries to combat these inequities through regulation, taxation, and subsidies.
Explanation:
