Use what you have learned to identify reasons that governments create regulations in mixed market economies. Check all that apply.

Question

04-02-2020
SAT

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Use what you have learned to identify reasons that governments create regulations in mixed market economies. Check all that apply.

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bluebell11341 bluebell11341 · Answer 1 · 2020-02-05T01:18:26+01:00

It can be used as a government intervention tool keep consumers and suppliers in order. An example of a regulation can be the minimum age to buy cigarettes and alcohol to stop teen substance abuse. Governments would create regulations in mixed market economies as it gives incentives to be more efficient. It limits government interference due to harsh rulings. There will be some what of a close in the equality gap as everyone would be treated fairly and there would be more stability in the economy

jayilych4real jayilych4real · Answer 2 · 2021-11-25T12:01:39+01:00

The reasons why governments create regulations in mixed market economies are:

To make sure that the consumers and suppliers are compliant
It enhances efficiency
It helps to bridge the inequality gap

According to the given question, we are asked to show the reasons why governments create regulations in mixed market economies and the possible effect on the people.

As a result of this, we can see that a mixed market economy has to do with a market which engages in sale of different goods and government regulation is to make sure that the buyers and sellers are compliant and that ethical practises are observed,