Government Intervention in the Marketplace.

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Sean Karr

Dr. Wehrli

Economics 11-8

March 19, 2003

Government Intervention in the Marketplace

Government intervention on the subject of economics has been a long and controversial battle fro those who believe that business should be heavily regulated and that it should be free to do what it wants.  Never in history has any government found a happy median or some system that pleases every one. So in light of not being able to please everyone governments try to compromise and that is the best system. Governments should be involved in the economy to a point where they regulate to protect the consumer and to stay out of business when the system is working to the advantage of the consumer, but government also has a responsibility to regulate business that are easily abused and that are necessities for humans to that day of age.

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        A consumer is anyone who is involved in paying for services supplied publicly or privately by a person or business. The government has tried many things to protect the consumer by passing acts of congress to regulating whole industries. The government has created comities like the Board of Health and Federal Consumer Information Agency to solely protect and supply the consumer with information in the business world this is a form of intervention and should be kept and is a strong point of our governments’ economic involvement. If the marketplace were to go unchecked in our country the common consumer ...

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