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One Reason That Government Might Regulate Business Is to Control

question 70

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One reason that government might regulate business is to control excessive competition.Govenunent also regulates business to control natural monopolies.Which situation is worse--monopoly or excessive competition?


Definitions:

Functionalism

A sociological paradigm that emphasizes the way in which the parts of a society are structured to maintain its stability and functionality.

Conflict Theory

A theoretical framework in sociology that views social life as a competition for limited resources.

Income

Money received annually from all sources.

Wealth

Net accumulated assets, including homes, land, and stocks.

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