• Answer:-

    In a mixed market economy, the government regulates business to ensure fair competition, protect consumers, and address social and environmental concerns. Regulations can cover areas like pricing, quality standards, labor practices, and environmental impact. By doing so, the government aims to strike a balance between promoting economic growth and safeguarding the welfare of its citizens. This oversight helps prevent monopolies, exploitation, and environmental degradation, fostering a more equitable and sustainable business environment where both businesses and individuals can thrive.

Apr 12 2024

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