they choose to handle things in a manner that is more beneficial. without an organized approach there would be complete chaos. having this system we are able to deal with differences in a more civilized manner. that's how its intended.
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Answer:
There are three main types of inflation: demand-pull, cost-push, and built-in inflation. Demand-pull inflation occurs when the overall demand for goods or services increases faster than the production capacity of the economy. Cost-push inflation happens as a result of an increase in the cost of production.
Explanation:
<u>Answer:</u>
A laissez-faire government is the one that does not interfere with the economy.
<u>Explanation:</u>
- The French term laissez-faire literally means ‘let do‘. This can be elaborated as the freedom granted by the government to the free market to let it do what it wishes to do.
- In such type of government, the authorities choose not to interfere in the activities of the market so as to allow it to function without any kind of hindrance.
