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
Lesechka [4]
3 years ago
7

Why does the free-market system require government regulation? Companies can't be efficient or innovative on their own. Foreign

competition would wipe out domestic production. Producers are driven by the profit motive to work against competition. Consumers don't purchase enough to drive economic growth.
Business
1 answer:
melomori [17]3 years ago
8 0

Answer:

The correct answer are the option B and C: Foreign competition would wipe out domestic production and producers are driven by the profit motive to work against competition.

Explanation:

First of all, the huge companies, and that includes the foreign competition, will always wipe out the small ones and that situation will definitely impact in the domestic economy of a country by leaving without work to the other enterprises and their employees, also by increasing prices and obligating to the customers to buy them due to their power in the industry and more. That is why, government regulation is obviously needed in the free-market system because if there is not, then the leader organization will do as they please with the market.

Secondly, the companies are lucrative organization and therefore that the most important thing that they care about is to make money by producing goods or giving services to the community that need it. That is why, if there is not government then the most powerful companies would try to eliminate the small ones by taking all their consumers away.

You might be interested in
Are social media videos a good way to market yourself to employers
Delvig [45]

Yes social media videos are a good way to market yourself if you do it the right way. If you put a caption with your website and have a video which is interesting about whatever you need marketed then people will probably not exit out. It is all about approach.

If you're doing it for an assignment change the wording other wise hoping ti helps

8 0
3 years ago
Read 2 more answers
A sixminusmonthnote receivable for $ 9 comma 000at 14​%,dated October​ 1, 2020, has accrued interest revenue of​ ________ as of
blsea [12.9K]

Answer: $315

Explanation:

The following information can be gotten from the question:

Amount = $9000

Rate = 14%

The receivable was held from October to December. This means it was shelf for 3 months.

Therefore, the accrued interest revenue will be:

= $9000 × 14% × (3/12)

= $9000 × (14/100) × (1/4)

= $9000 × 0.14 × 0.25

= $315

The accrued interest is $315

7 0
3 years ago
PLEASE HELP WILL GIVE BRAINLIEST TO CORRECT ANSWER
Serhud [2]
C. money is often not reinvested into the country
8 0
3 years ago
How many people make 1 million per year in the world
Dmitry [639]
I think it’s around 18 million or more people that make more than 1 million or 1 million yearly
8 0
2 years ago
Buying office space is ______________ in the long run-in comparison to leasing. Which is the correct answer?
Vedmedyk [2.9K]

Answer:

less expansive

Explanation:

i took the test. i got it right

5 0
2 years ago
Other questions:
  • __________ is a sourcing strategy in which a company uses a single supplier for one particular part or service and another suppl
    15·1 answer
  • Honest Abe’s is a chain of furniture retail stores. Integral Designs is a furniture maker and a supplier to Honest Abe’s. Honest
    5·1 answer
  • Which is correct when finding profit?
    7·1 answer
  • A $3,000 annual contribution to a retirement account earning 6% will be worth ____ in 20 years.
    6·2 answers
  • The law of comparative advantage explains why a. specialization and exchange will make it possible for trading partners to expan
    9·1 answer
  • Kerry works at a hospital where he is responsible for coordinating the activities of managers who oversee the department manager
    13·1 answer
  • What should be appropriate for a target market
    7·1 answer
  • At Polar Sportswear, orders have significantly exceeded projections, and Chris, the operations director, has decided to hire for
    15·1 answer
  • An investment project requires an initial investment of $100,000. The project is expected to generate net cash inflows of $28,00
    11·1 answer
  • Oriole Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!