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Andrei [34K]
3 years ago
5

Why is it important for the government to not control the economy?

History
2 answers:
Mekhanik [1.2K]3 years ago
7 0

Without government intervention, firms can exploit monopoly power to pay low wages to workers and charge high prices to consumers. Without government intervention, we are liable to see the growth of monopoly power. Government intervention can regulate monopolies and promote competition.

azamat3 years ago
3 0
The government could basically take advantage of the economy
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Which three major factors contributed to the Roman Empire’s decline?
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The correct answer is: political instability, military conflict, and economic crisis.

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Military conflict: while the Roman Empire was facing these internal problems that weakened it, there were urgent problems in its borders since many barbarian invaders were attacking Roman positions from the outside. The Huns from the East, led by Attila, devastated a great portion of the empire, Saxons invaded Britain, Goths and Lombard people from the North as well invaded Italy and Hispania. The Roman army for the first time was not in the position of facing so many fronts at the same time.

Economic crisis: the enormous Roman administrative device was going through a financial crisis. It was so big that it did not find the necessary resources to satisfy its needs. Gold mines that used to fuel the economy were very far away, difficult to achieve, and the Empire had to make a large number of official coins out of copper provoking a great devaluation of the Roman currency.

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