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16 February, 08:14

What role do government agencies play in a mixed market economy?

They run shipping companies and other sources of distribution.

They own farms, factories, and other sources of production.

They regulate some aspects of production and distribution.

They employ most of the workers in the economic system.

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  1. 16 February, 08:47
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    They regulate some aspects of production and distribution.

    Explanation:

    In the mixed market economy, the government's main role is to:

    - ensure that the competition among the private sectors occur fairly

    - Ensure the protection of every citizens from the economic competition.

    In order to do this, the government need to regulate several aspects of the business. For example:

    - The government can ban several materials from being used in production if we have enough proof that the materials will be dangerous for Customers.

    - The government cold also create a regulation regarding minimum-wage and maximum working hours in order to ensure that the workers are treated fairly.
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