Foundations of Business (MindTap Course List)
6th Edition
ISBN: 9781337386920
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 1, Problem 1DQ
Summary Introduction
To determine: The factors caused American business to develop as a mixed economy.
Introduction: A mixed economy comprises of both privately owned businesses and government or state owned entities. Both have authority of owning, producing, trading products in the nation.
Expert Solution & Answer
Explanation of Solution
The factors caused American business to develop as mixed economies are as follows:
The government participates in American Business by method for asset or goods markets, premiums, and particularly taxes which bring about making the American business advanced into a mixed economy, demonstrating the two components of socialism and capitalism. There are various factors which include, foreign rivalry, the Great Depression, World Wars I and II, and the expanding period of populace have additionally added to the mixed monetary framework. This is a system of business where the people are allowed to choose what to manufacture, how to manufacture it and what to sell it.
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Chapter 1 Solutions
Foundations of Business (MindTap Course List)
Ch. 1.1B - Prob. 1CCCh. 1.1B - Prob. 2CCCh. 1.1B - Prob. 3CCCh. 1.2C - Prob. 1CCCh. 1.2C - Prob. 2CCCh. 1.2C - Prob. 3CCCh. 1.3C - Prob. 1CCCh. 1.3C - Prob. 2CCCh. 1.3C - Prob. 3CCCh. 1.3C - Prob. 4CC
Ch. 1.4B - Prob. 1CCCh. 1.4B - Prob. 2CCCh. 1.4B - Prob. 3CCCh. 1.4B - Prob. 4CCCh. 1.5 - Prob. 1CCCh. 1.5 - Prob. 2CCCh. 1.5 - Prob. 3CCCh. 1.6D - Prob. 1CCCh. 1.6D - Prob. 2CCCh. 1.6D - Prob. 3CCCh. 1.6D - Prob. 4CCCh. 1.7E - Prob. 1CCCh. 1.7E - Prob. 2CCCh. 1.7E - Prob. 3CCCh. 1.7E - Prob. 4CCCh. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - Prob. 3DQCh. 1 - Prob. 4DQCh. 1 - Prob. 5DQCh. 1 - Prob. 6DQ
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