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The government shouldn't intervene in resource allocation. The idea that politicians without a profit motive (usually with their own reelection as a motive) could possibly reliably allocate resources more effectively than private entrepreneurs is the height of hubris.
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What is the doctrine that states that government generally should not intervene in the marketplace?
laissez faire
What extent should government intervene in free trade?
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.
The doctrine that maintains that the state should not intervene is called what?
Laissez faire
Can economic analysis provide a final answer to the question of whether the government should intervene in markets by imposing price ceiling and price floors?
Economic analysis cannot provide such an answer because it seeks to address positive questions such as "what is."
Why the government participates in the economic affairs?
There are times when the government should let the market work, because fair competition leads to competitiveness and productivity. There are other times when the government should intervene, as in the case of monopolies using unfaircompetition to cheat the rest of society.
How much should the government intervene in the private lives of citizens?
Not at all
What is the doctrine that states that the government should not intervene in the marketplace?
laissez faire
What is the doctrine that states that government generally should not intervene in the marketplace?
laissez faire
What doctrine that states that the government generally should not intervene in the marketplace?
laissez faire
How should markets be allocated to plants and how frequently should this allocation be revised?
Markets should be allocated to plants based on demand, supply, and efficiency considerations. This allocation should be periodically revised to adapt to changing market conditions, technological advancements, and production capabilities. The frequency of revision can vary depending on the industry, but it is generally advisable to conduct regular reviews to ensure optimal resource allocation.
The doctrine knows as communism states that government should not intervene in the market place is this true or false?
False.
What group were concerned with working conditions and thought that government should intervene in unfair practices?
Coal mining.
Adam Smith believed that government should intervene in economic activities?
Absolutely False.
To what extent should government intervene in the lives of their citizens?
=Invervening means the government is taking control, something that communism nations do. When we tried to bring the New Deal to get the United States out of the depression it back fired. It wasnt until WW2 that we finally got out of the depression. Learn from proir mistakes; having the government intervene doesnt work.=
What circumstances should governments intervene in religious practices?
5 Circumstances under which the government should intervene on theReligious rights of others:-should not affect the faith or beliefs of other human beingsShould not lead the practitioner into degeneration of humanitarianismShould not force others to join their religionShould not be based on radical fanaticismShould not be against the law of nature
Should people who witness bullying intervene?
Yes, bystanders should intervene. Having someone just standing around will not help the situation.
According to the theory of social Darwinism the government should?
According to the theory of social Darwinism, the government should not intervene in the natural selection process of society. This theory suggests that only the strongest and most capable individuals should survive and thrive, without government interference.
