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alexandr402 [8]
2 years ago
14

Guaranteeing everyone in society the best healthcare would likely?

Business
1 answer:
ss7ja [257]2 years ago
7 0

Answer:

Guaranteeing everyone in society the best healthcare possible will likely increase equality and decrease efficiency. Paying laid-off workers unemployment benefits until they find a new job will likely increase equality and decrease efficiency.

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Partly by the market mechanism and partly by the political process.

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Capitalist Economy is private owned economy, with no state control, having profit maximisation objective. Socialist economy is state (govt) owned economy, having social welfare objective.

Mixed Economy is an economy co-owned by private & government sector. The goal is to achieve balance between profit maximisation & social welfare. The central problems of economy 'what, how, for whom to produce' are solved by both private & government sector. Output is allocated both on the basis of free market demand & supply mechanism, also on the basis of state/ govt (political) process. The govt (political) process regulates & monitors private role through various market interventions :- maximum quotas, price ceiling, price floor etc.

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