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Alexus [3.1K]
3 years ago
14

Why do goverments often regulate buisness in a capitalist society

Social Studies
1 answer:
ella [17]3 years ago
5 0

Answer:

To prevent monopolies and oligopolies in economies.

Explanation:

Monopolies are organizations that have almost entire control of markets. <em>If I ran a monopolistic oil company in the US, I could in theory control the cost of oil by raising it higher/lower than any competitor and charge lots of households many more had there been competition.</em>

Oligopolies are organizations that work together to cut out competition, with the exception of the corporate ally. <em>If my buddy and I ran an oligopoly on oil, we would have control of the entire market together and control the costs of oil, in theory.</em>

Hope that helps, best of luck!

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Health is as social as a biological concern. These days one does not have to blood related or carry a heredity disease to pass over to the environment. It could be a normal flu that can affect a whole nation because of the suffocated surrounding and population. In such case, the government has to detect the problem and understand the process and try to reduce it. The government takes note of every change in the society beginning from products to the surrounding.

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<h3>What is fire department?</h3>

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