Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
 Should the Government be more or less involved in the economy
Expert Solution
Step 1
Modern day economy is hybrid in nature throughout the world where private sector and government both engage in economy but in different ratios in different situations which varies economy to economy. For example if we think about Chinese Economy Model where government involvement is more but on the other side in case of US, market dominant there. We mind that in both examples dominance is in different hands but both elements exist together.
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