How the classical school views the role of markets, Microeconomics

Explain the how the classical school views the role of markets and government intervention in fighting business cycles

The classical school believes in the smooth functioning of market mechanisms, and that they work best when left alone.  They usually do not think governments should intervene, and think that often government intervention makes things inferior.

 

Posted Date: 8/1/2013 2:28:41 AM | Location : United States







Related Discussions:- How the classical school views the role of markets, Assignment Help, Ask Question on How the classical school views the role of markets, Get Answer, Expert's Help, How the classical school views the role of markets Discussions

Write discussion on How the classical school views the role of markets
Your posts are moderated
Related Questions
Nucleic acids perform two important functions 1. Replication:  It is the property of biomolecules to synthesise exact copy of it. DNA has this unique property of duplicating it

Q. Explain about Counter-Cyclical Policies? Counter-Cyclical Policies:Governments may take many different actions to offset ongoing booms and busts of private-sector economy. T

suppose the production function is given as:X=b0Lb1Kb2,where b0=level of technology find marginal product of factors(MPL0and MPK) find factor intensity

1. Let's get some practice plotting budget constraints. On the graph below, plot the budget constraints when: a. (Use Black): P x = 57,P y = 18, and M = 342. b. (Use Blue):

What are the economies and diseconomics of scale?

elasticity of demand

what are tne methots of demand forecasting ?

Capital Gain: A capital gain is a form of profit which is earned on an investment by re-selling an asset for more than it cost to buy. Assets that can be purchased for this purpose

What are the basis for International Trade?

Depreciation: This signifies the loss of value from an existing stock of real capital (for an individual company or for whole economy), reflecting normal wear-and-tear of machinery