What is the main responsibility of government? Should government seek to keep markets competitive and provide maximum private property rights, or should it attempt to manipulate markets to benefit some over others? Why?
Thank you for the opportunity to help you with your question!
The primary responsibility of the
government is to protect individual rights and freedom. It is a good
responsibility as citizens are able to utilize their rights and freedom to
establish a fair and just community in relation to a sound economy. The government
should seek to keep market competitive and offer maximum private property
rights because it generates more innovation and greater wealth equality. The other
reason is the approach of requesting to keep market competitive by the
government is significant as it creates a sense of wellbeing by promoting individual
initiative and the presence of more opportunities and variety. Fundamentally, the
content of encouraging competition in a state is significant as it is likely to
reduce the gap between the rich and the poor based on the perspective that each
individual will be given an opportunity to invest in what thrives for the
Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 5th, 2015
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