asked 119k views
15 votes
is the idea of having a central bank for the nation consistent with the idea of free enterprise explain

asked
User Sory
by
9.0k points

1 Answer

0 votes

Answer:

The idea of having a central bank is in a certain way contrary to that of establishing an economic regime of free enterprise, since central banks have the main function of regulating the micro and macroeconomic conditions of the nation, establishing limits on banks, companies and individuals in the exercise of their economic rights and their commercial freedoms. Thus, since the free enterprise system seeks the opposite, that is, to deregulate markets and allow the free exercise of economic rights and the development of trade, both concepts tend to be inconsistent with each other.

answered
User Starmer
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.