Ask Question
20 November, 23:54

Why do all market economies have taxes to support armed forces, police forces, public schools, and at least some form of public transportation'

nad nther countries that market economies really do not work well

+1
Answers (1)
  1. 21 November, 03:06
    0
    A market driven economy means that the price of goods is set by their demand and supply and that the government does not interfere in free enterprise.

    Explanation:

    However, a market economy is not well-positioned to deliver all necessary goods and services that citizens require.

    For example, providing local law enforcement, running the police department, national defense and security and even providing cheap transportation is something the government does better than the private sector.

    Hence, in order to fund these basic services, the government has to raise funds through taxes.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why do all market economies have taxes to support armed forces, police forces, public schools, and at least some form of public ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers