Government officials "step in" to regulate the economy when they feel it is necessary

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Erik Wong

9 July, 01:42

Government officials "step in" to regulate the economy when they feel it is necessary

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Keyla · Answer 1

This would be an example of a mixed market economy. Most aspects of the economy are left up to the free market, but there do become times in which the government needs to set some guidelines to make sure the customers are being treated properly, workers receive fair treatment and compensation for their labor, and the like.