The correct answer is:
C. Active competition in the marketplace.
Explanation:
A market economy is an economic system in which supply and demand regulate the economy and individuals and private business own the resources, decisions in this economic system are made by individuals and private business without or with little government intervention.
<em>Active competition in the marketplace is one of the most important factors because each producer gets to decide what and how much to produce, as well as the price</em>, so <u>competition leads to efficiency </u>because it puts pressure on the producers to produce the best product at the best price, according to the demand and supply system, so that they can offer the best product in the market.
The correct answer is Discourages government regulation.
Social responsibility happens when a company, voluntarily, decides to adopt postures, behaviors or promote actions for the benefit of its internal or external public.
Content analysis
This is a research method that involves the analysis of texts, in this case lyrics in order to make replicable and valid inferences. Through the systematic analysis of text, the qualitative data can be turned to quantitative data that can be subject to analysis
The Gilded Age:
Positive
The major economic issues in the Gilded Age during this time were the tariffs and currency. The free enterprise was damaged due to the monopolies being demanding and taking over. The rich people had lots of power and many advantages.
Negative
Unhealthy & Dangerous Working Conditions. The Gilded Age saw a rise in unhealthy and dangerous working conditions. ...
Monopolies. Companies emerged during this era that sought to eliminate or get rid of competition. ...
Government & Business Corruption. The government practiced laissez faire economics..
