Answer:
Explanation:
A direct democracy or pure democracy is a form of government wherein the citizens have a direct say in the formulation of laws and issues that affect them while a representative democracy is a form of government wherein its citizens vote for or elect a representative to represent them in Congress or the Senate.
In a direct democracy people vote on policies directly such as the Brexit referendum where people got to directly influence the outcome of the result.
In a representative democracy people vote for representatives who present a particular plan, ideas and policies and ask people to vote for them. Whomever gets the majority vote has a mandate to carry out his policies. In this system the voter does not have direct control over the outcome.
One of the roles of a government is to limit the market power of monopolies or even to eliminate them entirely due to <u>market inefficiencies.</u>
<h3>What is market inefficiencies?</h3>
An inefficient market, which can happen for a number of reasons, is one where an asset's prices do not fairly reflect their true value, in accordance with economic theory.
Deadweight losses are often the result of inefficiencies. The majority of markets do, in fact, exhibit some degree of inefficiency, and in the worst situation an inefficient market might serve as an illustration of a market failure.
According to the efficient market hypothesis (EMH), in a market that functions effectively, asset prices always reflect the true worth of the asset. For instance, a stock's current market price ought to accurately reflect all information that is now publicly available about it.
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King Nebuchadnezzar thats what i remember
