A market economy needs innovators and entrepreneurs in order to experience growth and increased productivity. What is one of the important roles of the government in facilitating this process?

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Social Studies

Amber Lawson

25 October, 05:09

A market economy needs innovators and entrepreneurs in order to experience growth and increased productivity. What is one of the important roles of the government in facilitating this process?

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Wiley · Answer 1

By definition, a market economy is distinguished to the other types of the economy because the system of the industry in a country, most especially the pricing of goods, is decisioned by the corporates and citizens. The only government intervention in this kind of economy is to make the market system fair to everyone thus providing policies.