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It Would Be Nearly Impossible for the Marketplace to Run

question 13

Essay

It would be nearly impossible for the marketplace to run efficiently without some government involvement. Describe some of the different roles that the government plays in the economy. Why is some level of governmental involvement always needed in the economy?


Definitions:

Buffer

A temporary storage area in a computer system designed to hold data while it is being transferred from one place to another.

Trivialize

To make something seem less important or serious than it actually is.

Neutral Statement

A statement that is unbiased, not favoring any side or opinion.

Common Ground

Shared interests, beliefs, or understanding among individuals or groups that can serve as a basis for communication.

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