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28 April, 06:50

How is the role of government determined in the american free enterprise system?

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  1. 28 April, 07:48
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    the american free enterprise system is based on private property, profit, competition and consumer choice. so govt role is to make sure those conditions are there; e. g. there is fair competition, regulate monopolies so consumer will have choices, enforce laws protecting property rights n so on.
  2. 28 April, 08:10
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    i would believe that the government plays an important role in a market economy As we saw in our discussion of competitive markets, a free enterprise system is largely self-regulating. Therefore, government plays a limited, but important, role, allowing individuals to make most of the economic decisions.
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