angieortiz18
Answered

why was friedrich von hayek against government intervention in an economy?

AIt would reduce people's economics freedom
BIt would increase people's political freedom
CIt would raise the price of goods and services
DIt would improve the economy's situation

Verified Answer :

taskmasters

The answer top the question stated above is letter D. It would improve the economy's situation.

For Friedrich Von Hayek, less government intervention meant more economic freedom. He believed that if  people are free to choose, then the economy runs more efficiently. 
Thus, it would improve the economy's situation.

I believe the answer is: D. It would improve the economy's situation

friedrich von hayek believe that government intervention would only benefit some part of the organizations in a private sectors while reducing the power of the other organization, which tilt the balance of power in the market.

When this happen, people would be discouraged to be involved in opening up new businesses, which would stunt our economic growth.

Related Questions