bartleby
search
close search
Textbooks
arrow_drop_down
Hit Return to see all results
close solutoin list

Chapter 1, Problem 1DQ

BuyFindarrow_forward

Foundations of Business (Standalon...

5th Edition
William M. Pride + 2 others
ISBN: 9781305511064

Solutions

Chapter
Section
BuyFindarrow_forward

Foundations of Business (Standalon...

5th Edition
William M. Pride + 2 others
ISBN: 9781305511064
Summary Introduction

To determine: The factors caused American business to develop as a mixed economy.

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 factors caused American business to develop as mixed economies are as follows:

The government participates in American Business by method for asset or goods markets, premiums, and particularly taxes which bring about making the American business advanced into a mixed economy, demonstrating the two components of socialism and capitalism. There are various factors which include, foreign rivalry, the Great Depression, World Wars I and II, and the expanding period of populace have additionally added to the mixed monetary framework. This is a system of business where the people are allowed to choose what to manufacture, how to manufacture it and what to sell it.

Give your grades a boost

Find quality solutions to thousands of textbooks. All for just $9.99/month

Get As ASAP

Additional Marketing Solutions

Find more solutions based on key concepts

Show solutions add

Sorry about that. What wasn’t helpful?

Find all the answers to your study problems with bartleby.
Textbook solutions plus Q&A. Get As ASAP arrow_forward