Government regulation of a mixed-market economy is a complex task.
It has to balance the needs of all stakeholders, including consumers, producers, and society at large.
In this blog post we will explore how government regulators protect the market from externalities that may arise in a mixed-market economy.
The market is the sum of all voluntary transactions between buyers and sellers.
There are three main reasons why government regulation exists: to promote competition, protect consumers from harm, or provide public goods without using taxes to do so.
Let’s explore how these functions work in a mixed-market economy.
Which means production makes up a lot less than total revenue compared with its smaller counterparts).
Thus creating an unbalanced playing field where big business has advantages over.
