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Gnom [1K]
3 years ago
12

Why does even a free market economy need some government intervention?

Social Studies
1 answer:
Kisachek [45]3 years ago
6 0

Answer:

Because even if the free market system is the most efficient economic system that humanity has found, it sill can produce some undesirable effects for society that need government intervention in order to be corrected.

Explanation:

For example, in the free market, if a company is more efficient than its competitors, it can become a monopoly, and monopolies affect consumers because they can set prices higher than normal.

Also, in a free market economy, even if many goods and services are produced, and both output and income rise, some people will still be left behind in poverty. It is a socially desirable thing to help the poor in order to keep society more harmonious and just.

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Our grandmother cared for the twins all summer, but she refused to____to their every whim
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<h3>Vocabulary</h3>

             Vocabulary refers to the word stock and the kinds of words that should be used in different situations and tones.

               The vocabulary word which is fit for the given question is 'cater.' The term 'cater' means to provide for someone with everything that the individual wants or requests.

               According to the question, the grandmother looked after all the needs of the twins but did not give in to their whims and fancies. Thus, 'cater' is an appropriate word for it.

              Words like supply, provide, agree, and gratify can be used as synonyms for 'cater.' Synonyms refer to words that are different in pronunciation and spelling but are almost the same in meaning.

To know more about vocabulary,

brainly.com/question/873704

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