Which of the following is a major reason for government regulation of the economy?

Question

Quizplus · Accepted Answer

The major reason for government regulation of the economy is to promote economic development. Government regulations are necessary to ensure fair competition, prevent monopolies, protect consumers, and promote economic stability. The goal of economic regulation is to promote growth, stability, and efficiency in the economy. This is achieved through policies such as monetary and fiscal policies, trade policies, and regulations on businesses and industries. The government regulates the economy to promote long-term growth and stability, which benefits everyone in the society.

Which of the Following Is a Major Reason for Government