Question

state three ways by which the government regulates the functioning of a free enterprise economy?

Please answer it fast......​

Answer 1

Answer:

A market economy is a system in which the supply and demand for goods and services plays a primary role in a competitive marketplace. ... The government may also ensure national security by not allowing businesses to transact with enemy countries and providing services that are not typically handled by private business.

Explanation:

The government,

(1) provides the legal and social framework within which the economy operates,

(2) maintains competition in the marketplace,

(3) provides public goods and services,

(4) redistributes income, (5) cor- rects for externalities, and (6) takes certain actions to stabilize the economy.