Although opposed to government intervention in the working of markets,
defenders of free market economic theory still believe that government has an
important place in a market society in protecting private property rights and enforcing "the rules of the game" in market transactions.

Question

Although opposed to government intervention in the working of markets,
 defenders of free market economic theory still believe that government has an
 important place in a market society in protecting private property rights and enforcing "the rules of the game" in market transactions.

Quizplus · Accepted Answer

Defenders of free market economic theory argue that while minimal, the government's role is crucial in enforcing contracts, protecting property rights, and ensuring fair play, which are essential for a functioning and efficient market system.

Although Opposed to Government Intervention in the Working of Markets