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7nadin3 [17]
3 years ago
5

✨Government's role in a market economy is _______.✨

Social Studies
1 answer:
notsponge [240]3 years ago
3 0

Government's role in a market economy is:

  • Limited.

Let's understand what a market economy is about.

<h3>Market Economy</h3>

A market economy is known to be an economic system whereby decisions and pricing are actually guided and regulated by individual citizens and businesses. In other words, a market economy more market oriented.

It's important to note that though the role of government in this type of market is limited, yet government's role is important. The government help to intervene in certain situations and also for central planning.

In a market economy, entrepreneurs have the freedom to pursue profits. They can do this by creating outputs that are more valuable.

Learn more about market economy on brainly.com/question/350539

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The amount of retirement income that employees would receive upon retirement is specified under a defined benefit plan (APERS). A defined contribution plan merely stipulates how much each party—the employer and the employee—puts into the retirement account of the employee.

<h3>What is the difference between defined benefit and defined contribution plan?</h3>
  • For each participant in a defined-benefit pension plan, employers finance and guarantee a certain amount as retirement benefits.
  • As the participant defers a percentage of their gross pay, defined-contribution plans are largely supported by the employee. Employers may decide to match the contributions up to a specific level.
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1 year ago
What are the factors that influence whether people vote or not? Explain.
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8 0
3 years ago
“ We Spaniards know a sickness of the heart that only gold can cure”. What does this mean?
Yakvenalex [24]

Answer:

gold was used as healing back then

Explanation:

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2 years ago
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The answer is - individuals meeting the basic expectations of their job requirements to be successful

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3 years ago
Dr. Jones argues that adolescence is primarily a social invention rather than a biological or cognitive phenomenon. Her view tha
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inventionist perspective.

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The fundamental concept of the inventionist viewpoint is that the significance individuals obtain from and assign to their surrounding environment is a framework of society created by regular social interaction. It is one of the most significant subjects in the field of sociology, offering a crucial conceptual framework for much of the research carried out by sociologists. As per the question, Dr. Jones view that the broader environment influences our conception of adolescence reflects the inventionist perspective.

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3 years ago
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