Asked by
Yazan Callas
on Oct 13, 2024
Verified
Our government helps the free enterprise system work by doing all of the following except
A) seeing that information flows freely.
B) providing the infrastructure for a market system to function efficiently.
C) defining property rights.
D) lowering some of the barriers to competition.
E) creating an equal distribution of income.
Free Enterprise System
An economic system where private businesses operate in competition, largely free of state control, with limited government intervention.
Market System
An economic system in which decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.
Property Rights
Legal rights to possess, use, and dispose of assets including real property (land and buildings) and intellectual property.
- Understand the function of government in economic regulation, including safeguarding ownership rights and supplying public commodities.
- Assess the influence of fiscal policies and governmental actions on consumer choices and market dynamics.
Verified Answer
GT
Learning Objectives
- Understand the function of government in economic regulation, including safeguarding ownership rights and supplying public commodities.
- Assess the influence of fiscal policies and governmental actions on consumer choices and market dynamics.