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Location: Unit 2.4: Market Failure and the Role of Government
Discussion: Role of government
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mkaga |
60. RE: Role of government
Dec 15 2008, 4:37 PM EST
The market economy runs itself based on supply and demand which is far more effcient than when the goverment controls the economy. But there are still points to argue where the goverment plays a necessary role. In bad econmical times like we do have now the goverment is needed to intervene and help the econmy grow again. I would say with out govermental interventions the economy grows faster but it aslo falls faster and the consiquences are worse. So i would say a economy without any goverment control would not bet he right thing to do.
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