Market economics views government's role as a(n)

A) mechanism to safeguard disadvantaged groups from the market.
B) arbiter between competing economic interests.
C) totally unnecessary component of the economy.
D) overseer of the general conditions that allow the economy to function smoothly.

Market Economics

An economic system based on supply and demand with little or no government control, where prices are determined freely by the market.

Disadvantaged Groups

refers to segments of the population that face systemic barriers in society, including economic, educational, and social obstacles, often based on race, ethnicity, gender, disability, or economic status.

Economic Interests

The financial benefits or motivations influencing individuals or groups, often driving policy preferences or business decisions.