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Bryan Reid Nick Darty Tony Rosenzweig. government Regulation of economy. Capitalism. Capitalism is an economic system in which private people, not the government, own and run companies.
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Bryan Reid Nick Darty Tony Rosenzweig government Regulation of economy
Capitalism • Capitalism is an economic system in which private people, not the government, own and run companies. • In a capitalist system, private households need goods. They buy these goods from the income they have. Some households have more income than others. • This is the type of economy we have
How governments regulate economy • A government must make sure that there is enough competition to deep prices low, the quality products high. • If only a few companies produce products they may agree to keep prices high.
Limits of Regulation • When the government starts controlling parts of a free economy or a capitalistic like our own that’s when it starts pushing its limit • full control is too far • The balance is hard to find • “that government is best which governs least” (on the duty of civil disobedience) • So is there really a balance?
Since the recession began in 2008, attempts to grow and improve the economy have been studied and hotly debated ( http://www.usnews.com/opinion/blogs/economic-intelligence/2012/10/31/the-science-of-government-regulation )
Inside Job • CEOs kept all of their earnings when companies went bankrupt, with no penalties and no criminal charges.
Regulation of business • Market Failure is an argument for the government regulation of business recognizes that a free market usually enables people to do the best that can be done. • Advocates of the “market failure” approach contend that there are some serious exceptions.
Work Cited Page • http://www.english-online.at/economy/capitalism/capitalism-market-economy.htm • http://www.fee.org/the_freeman/detail/government-regulation-of-business-the-moral-arguments/#axzz2LZKdAX4V • “On The Duty of Civil Disobedience”- Henry David Thoreau 1848 • Inside Job (October 8, 2010)
Seriously the end.. Go away Fin….