04 02 Should The Government Control The Economy Essay
Olivia Luz
At the same time government intervene the market will cause market distortion.
If the minimum wage. It is the exact contradict of a controlled market where the government is responsible in regulating the usage of all the resources in the economy. Kianna jean claude should government raise minimum wage. Because it would strengthen the economy by raising the standard of living for large amounts of the population which means it would allow the increase on the amount of money people earn on their pay check.
Sources decision i ve decided that it would be best for the american people if the minimum wage is raised. Free market economists argue that government intervention should be strictly limited as government intervention tends to cause an inefficient allocation of resources. In my opinion the government should only have as much control as necessary to preserve human life and liberty. Surplus shortage should the government raise the minimum wage.
Governments provide the legal and social framework maintain competition provide public goods and services national defense income and social welfare correct for externalities and stabilize the economy. In my opinion i strongly believe that the government should raise the minimum wage because the outcomes can have a lot of positive benefits in the economy and small or big businesses. 04 02 should government control economy. 04 02 should the government control the economy should the government raise the minimum wage.
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The government should raise the minimum wage because it would help stimulate the economy more it would help struggling families that are just barely getting by with minimum wage and the higher the price the more taxes the government gets and we get back in tax season. How to increase brand awareness through consistency. One of the main issues in economics is the extent to which the government should intervene in the economy. People tend to think that if the minimum wage is raised that the economy would improve.
It should not be there to take from some to give to others and it should not serve as a tool to grant some people power at the expense of others.
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