to provide more competition
Not all Americans want the government to interfere in the free enterprise economy. Those that do, feel that companies need stiff regulations placed on them for environmental reasons, and tax reasons, as well as for economic and social reasons. Many people feel it's wrong for big companies and CEOs to be very rich while workers and other people are poor and struggling.
In a free enterprise (market) economy, the expected role of the government is to allow free operation of the market unless market failure occurs at which point it intervenes to prevent welfare losses.
Why is the u.s. economy considered a free enterprise economy
Mixed Economy
The primary reason for government to intervene in a free enterprise economy is simple. The government deemed something to be harmful or deconstructive.
to provide more competition
Not all Americans want the government to interfere in the free enterprise economy. Those that do, feel that companies need stiff regulations placed on them for environmental reasons, and tax reasons, as well as for economic and social reasons. Many people feel it's wrong for big companies and CEOs to be very rich while workers and other people are poor and struggling.
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Government would intervene in the economy if the private sector could not guarantee stability. Have fun on study island..
In a free enterprise (market) economy, the expected role of the government is to allow free operation of the market unless market failure occurs at which point it intervenes to prevent welfare losses.
Why is the u.s. economy considered a free enterprise economy
the government
When there is free enterprise as well as government control in a country, it is a mixed economy or dual economy. The United States is an example of this with some strong government regulation along with private enterprise.
A modified private enterprise economy is based on capitalism but has some government interference to prevent monopolies. Example is the economy of the U.S
Why is the u.s. economy considered a free enterprise economy
Mixed Economy.