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This photo shows a label that appears on food products in the United States.
A nutrition facts label for macaroni and cheese.
This label is an example of
producer innovation in a market economy.
freedom in the free-enterprise system.
regulation by a government agency.
competition between businesses.
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Regulation by a government agency.
Nutrition Facts labels are required by law (e.g., the FDA’s Nutrition Labeling and Education Act) to inform consumers, so they are an example of government regulation.
Nutrition Facts labels are required by law (e.g., the FDA’s Nutrition Labeling and Education Act) to inform consumers, so they are an example of government regulation.
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