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In your opinion, should the government completely stay out of enterprise decisions?

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Question

In your opinion, should the government completely stay out of enterprise decisions?

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Solution

No, I do not think the government should completely stay out of enterprise decisions. Businesses should have the freedom to make most decisions and compete in the market, but the government should regulate them to protect consumers, workers and the environment. It should also prevent unfair practices and monopolies. Therefore, there should be a balance between business freedom and government regulation.

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Chapter 8: Building Blocks in Economics: The Problem of Choice - Intext Questions [Page 191]

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NCERT Social Science Understanding Society India and Beyond Part 1 [English] Class 9
Chapter 8 Building Blocks in Economics: The Problem of Choice
Intext Questions | Q 9. | Page 191
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