There is no role for government in a market capitalist economy.

Question

Quizplus · Accepted Answer

While market capitalist economies prioritize free markets and limited government intervention, there is still typically a need for government involvement in areas such as protecting property rights, enforcing contracts, regulating certain industries (such as banking and healthcare), and providing public goods and services (such as infrastructure and national defense). Without any government involvement, market failures and inequality could arise.

There Is No Role for Government in a Market Capitalist