Question

You are now familiar with government and how it plays a role in our economy. What are the advantages and disadvantages of governmental involvement? What changes would you make to improve government’s role?

Answer 1

I would make the earth clean and choose a good mayor and president

Answer 2

Answer:

Explanation:

Advantages:

1. Government strict legislation protect consumer and workers.

2.Better law and orders situation

3.Reduction in poverty and increases tax bases.

4. Good environment gives huge foreign direct investment

5. Reduce corruption by independent institution.

6.Better road and railway infrastructure.

7. Government intervention to control inflation.

Disadvantages:

1. Lack of subsidy and incentive will lead to panic to the economy.

2. Less intervention of government like lose monetary policy, mismanagement and government tariffs.

3.Less control over profiteers,mafias, will lead to bad impression from the public,ultimately create chaos.

Changes to improve government role:

1.Sound monetary policy

2.Strict corruption law.

3. Strengthen the government institution

4.Better infrastructure.

5. Better environment for investment

6.improve quality education

7.Provide subsidies to curb inflation

8.Uplift small and medium enterprise.

9.Boost economic growth