The government may impose industrial safety regulations and occupational licensing requirements in which of the following economic systems?

Question

Quizplus · Accepted Answer

In a mixed market economy, there is a balance between government intervention and the free market. This means that the government may impose regulations and requirements to ensure industrial safety and professional standards, while still allowing market forces to operate. In a laissez-faire economy or pure capitalism, the government would not intervene in the marketplace at all. Macroeconomic systems refer to the overall performance of the economy as a whole, rather than specific regulations or requirements.

The Government May Impose Industrial Safety Regulations and Occupational Licensing