Ashford 2: - Week 1 - Discussion 2

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Discuss whether you favor a larger or smaller role of government in the economy and why?

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Explanation & Answer

it is essential to have a larger role of the government in the economy.With more government involvement in the economy, it is possible to control illegal businesses in a country.It is also possible to control the effects of the economic shocks such as inflation which can cause a collapse of the major industries. The government can also control dumping of goods in the economy when it has a wider insolvent in running the affairs of the economy.With increased government involvement in the economy,there is regulation of business such that the business people do not engage in ventures that can impact adversely to other businesses of the citizens in general. Government involvement in the economy ensures collection and appropriate allocation of taxes in the provision of social amenities

Cebs_Orsyl (1387)
UC Berkeley

Awesome! Perfect study aid.