1. Should the government regulate the economy?
Technological change and innovation are discouraged by the needs to meet production quotas and because of lack of incentives, low-quality goods are often produced. ... Changes in prices act as signals to buyers and sellers and direct their behavior. ... He said that a free market system would channel selfish, egoistic motives toward the betterment of society. ... And that government intervention would only have negative consequences on society. ... Since our society has a conscience about such matters, this is where the government should and has stepped in, to ensure a more equitable distribut...
- Word Count: 1437
- Approx Pages: 6
- Grade Level: Undergraduate