How the classical school views the role of markets, Microeconomics

Assignment Help:

Explain the how the classical school views the role of markets and government intervention in fighting business cycles

The classical school believes in the smooth functioning of market mechanisms, and that they work best when left alone. They usually do not think governments should intervene, and think that often government intervention makes things inferior.

Related Discussions:- How the classical school views the role of markets

Reducing risk, Reducing Risk Three methods consumers attempt to reduce ...

Reducing Risk Three methods consumers attempt to reduce the risk are: 1) Diversification 2) Insurance 3) Collecting more information

Chemistry project help, I have a chemistry project which is title: "combati...

I have a chemistry project which is title: "combating desertification" so I have to come up with a practical solution to stop desertification or limit the spreading of deserts.. Is

Define the concepts price elasticity of demand, Question 1: Define the ...

Question 1: Define the concepts price elasticity of demand, income elasticity of demand and cross elasticity of demand and explain how these concepts can be useful to the man

Managerial economics, define perspective of managerial economics.

define perspective of managerial economics.

Price elasticity of supply, Price elasticity of supply: It is the resp...

Price elasticity of supply: It is the responsiveness of quantity supplied of a commodity to a change in the price of the commodity and measured as percentage change in quantit

What functions include of money, The functions of money include; (1) mediu...

The functions of money include; (1) medium of exchange, (2) store of value, and (3) a calculate of worth. Due to money is acceptable as a form of payment for all commodities,

Financial market, Explain the effect of increased money supply on bond pric...

Explain the effect of increased money supply on bond prices

Government increases the taxes on car ownership, Government increases the t...

Government increases the taxes on car ownership. Explain the possible market outcomes of such a decision. As this is a tax paid by owners, and therefore not levied indirectly

Duality, duality was used in comparative static approach in assessing the d...

duality was used in comparative static approach in assessing the direction of change on economic variables . Why do we need duality and under what condition may duality can''t be u

Wave theory , what is the energy of violet light with a frequency =7.50 x 1...

what is the energy of violet light with a frequency =7.50 x 10 to the 14 s-1

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages