In a modern mixed economy the government ensures that key institutions are in place to facilitate voluntary transactions between economic agents.These key institutions are
A)the House of Commons and the Senate.
B)labour and capital markets.
C)the Department of Finance and the Bank of Canada.
D)securities regulators and the court system.
E)private property and freedom of contract.

Question

Quizplus · Accepted Answer

Private property and freedom of contract are essential institutions in a modern mixed economy as they allow individuals to enter into voluntary transactions without government interference. Private property allows individuals to own assets and make decisions about their use, while freedom of contract allows individuals to negotiate terms of agreements without coercion. These institutions, when functioning properly, create an environment that incentivizes individuals to engage in productive economic activity and provides a framework for resolving disputes.

In a Modern Mixed Economy the Government Ensures That Key