Home
/
Social Science
/
All of the following are examples of government stepping in because free markets won't EXCEPT iPhones and cars police and courts roads and bridges public education

Question

All of the following are examples of government stepping in
because free markets won't EXCEPT
iPhones and cars
police and courts
roads and bridges
public education

All of the following are examples of government stepping in because free markets won't EXCEPT iPhones and cars police and courts roads and bridges public education

expert verifiedVerification of experts

Answer

4.3206 Voting
avatar
WillowVeteran · Tutor for 11 years

Answer

iPhones and cars are examples of products that are typically produced and regulated within a free market system. The government usually intervenes in areas where free markets may fail to provide essential services or ensure public welfare. Examples of government intervention include:1. Police and courts: Government intervention is necessary to maintain law and order, ensuring the safety and security of citizens. Police and courts are essential for enforcing laws and administering justice.2. Roads and bridges: Infrastructure projects like roads and bridges are often funded and managed by the government to facilitate transportation and promote economic development. Private markets may not efficiently provide and maintain such large-scale infrastructure.3. Public education: Governments often play a significant role in providing and regulating education to ensure equal access and quality. This intervention is aimed at fostering an educated and skilled population, which benefits society as a whole.In summary, government intervention is justified in areas where free markets may not adequately address public safety, infrastructure development, or education. iPhones and cars, on the other hand, are typically products that thrive in a competitive market without the need for extensive government involvement.
Click to rate:

Hot Questions

More x