The UK’s government is undertaking a study to understand the economic impact of the current war in Ukraine causing global energy shortages. You have been contacted as a consultant of the business environment to present a report to the government by answering the following questions.
1.Explain the economic system being used by the UK and why it is important for the UK’s government to occasionally interfere in the market?(Approximately 500 words)
2.Explain the three various ways, the UK’s government has interfered in the market in bid of controlling the inflation?(Approximately 800 words)
3.Explain how the outlined policies by the UK’s government in question two have either been successful or failure?(Approximately 400 words)
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