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Century 21 Accounting: General Journal11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman 1,012 solutions What describes the role of government in a free enterprise system?Government has the coercive power to maintain law and order, protect people's right to own property and enforce voluntary contracts people enter into. In essence, government provides the umbrella under which the free enterprise system operates.
What is the role of the government in a free enterprise system quizlet?The government's role in the free enterprise system involves ensuring information is available to consumers and the ability of individuals to freely take part in the market. The government is responsible for protecting the health, safety and well-being of all and is involved at times with regulating the market.
Which best describes the role of the government in a modified free enterprise system?Describe the government's role in a modified free enterprise economy. The government pays for public goods that benefit society as a whole. The government pays for these by using the people's taxes.
What is the most important role of government in a model free enterprise system quizlet?Identify the role of government in free enterprise. In free enterprise, the government makes sure that producers provide consumers with information, imposes various restrictions, and protects consumers (i.e their health, safety, and well-being).
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What best describes the role of government in a free enterprise system quizlet?
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