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Blababa [14]
3 years ago
9

What is the purpose of government rules and regulations in a mixed economy

History
1 answer:
Tems11 [23]3 years ago
6 0

Answer:

What is a Mixed Economic System?

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application.

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One reason the Fugitive Slave Act of 1850 angered Northerners was that it required all citizens to support the slave system.

Further Explanation:

The Fugitive Slave Act of 1850 was part of the Compromise of 1850. The Compromise of 1850 was one of many pieces of legislation that tried to solve the issue of slavery within the US.

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Learn More:

Compromise of 1850 Information- brainly.com/question/8165267

Key Details:

Topic: American History, Civil War

Grade Level: 7-12

Keywords: Civil War, Causes of the Civil War, Fugitive Slave Act, Abolitionist

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