HELP PLEASE 1. Which economic thinkers had the greatest effect on the development of the United States? Explain.
2. How do laws and regulations help promote competition?

There are many economic thinkers who shaped the economy of the United States and some of them are mentioned below.

Explanation:

Friedman has supported the free market economy and is recognized as the leading figure behind the School of Economics in Chicago. He was a popular alternative to central banking and Keynesian economics. Other prominent figures who are worth mentioning: Lawrence Robert Klein, Elinor Ostrom, Robert Lucas Jr., etc.

One of the legislators' aims is to pass laws enforced by the judiciary to guarantee a competitive environment among businesses and to encourage fair market practices. these laws prevent the monopoly of big corporations so that a competitive market is not hindered by unfair methods.

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