However when economic system leads to inequalities

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In the nation of Steinhaus, individuals and private businesses are free to own and control their own property and resources, and are able to engage in economic activity without interference from the government. Prices and production decisions are determined by the forces of supply and demand in a competitive marketplace; however when this economic system leads to inequalities and market failures, the government is compelled to manage it.

Reference no: EM133479022

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However when economic system leads to inequalities : however when this economic system leads to inequalities and market failures, the government is compelled to manage it.
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