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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Is government participation in our business system good or bad? What factors can be used to explain your position.

Summary Introduction

To determine: Whether government participation in business system good or bad and the factors used to explain the position.

Introduction: A mixed economy comprises of both privately owned businesses and government or state owned entities. Both have authority of owning, producing, trading products in the nation.

Explanation

The following reasons supports whether government participation in business system good or bad and the factors used to explain the position:

The government must be associated with the economy otherwise the economy currently would be ruined. If the government did not control thing like trusts and restraining infrastructures then the enormous organizations in the United States would assume control and less than ideal demolish the free economy by disposing of all other rivalry and after that raising the costs to as high as they need...

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