1. Should the government regulate the economy?
Should the Government Regulate the Economy? The free market approach in economic decision-making is based on private ownership of properties and resources, there is no government involvement, whereas the command approach describes a situation in which resources are jointly or publicly owned, everything is government owned. ... Another thing that the government has introduced is price floors. ... Full government control creates problems as does no government control. ... The same is true when there is no government involvement. ...
- Word Count: 1437
- Approx Pages: 6
- Grade Level: Undergraduate