Dogs Of War
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The Government and The Market Economy!!!!?
Why and how do the government intervene in the economy to address failures in the free market?
To be more specific...
The failures include-
Failure in income distribution, failure in externalities, failure in the abuse of market power and failure in the provision of goods and services.
A free market is - A market economy based on supply and demand with little or no government control.
Need help. Answers are much appreciated. Thank you to my answerers
Why and how do the government intervene in the economy to address failures in the free market?
To be more specific...
The failures include-
Failure in income distribution, failure in externalities, failure in the abuse of market power and failure in the provision of goods and services.
A free market is - A market economy based on supply and demand with little or no government control.
Need help. Answers are much appreciated. Thank you to my answerers