Question

How is the role of government determined in the american free enterprise system?

Answer 1

the american free enterprise system is based on private property, profit, competition and consumer choice. so govt role is to make sure those conditions are there; e.g. there is fair competition, regulate monopolies so consumer will have choices, enforce laws protecting property rights n so on.

Answer 2

i would believe that the government plays an important role in a market economy As we saw in our discussion of competitive markets, a free enterprise system is largely self-regulating. Therefore, government plays a limited, but important, role, allowing individuals to make most of the economic decisions.