Question

In the 2020 political election cycle, the role of the government in the economy is being heavily debated with some arguing that less is needed whereas those that contend that the government should involve more. The recent events of Corona Virus pandemic highlights the dilemma of less vs more government. Using the chapter in the textbook and other sources compare and contrast the role of the government in the marketplace. Use arguments that support a greater role of the government and contrast with why this role should be less or minimum. Is there a healthy balance? Explain.

Answer 1

Government play major role for making policies to the poor people's.Government try to make equal balance between rich and poor person's .Hence if government have more involvement in a country then it can make balance growth of economy.The recevent events of corona virus highlights major role of government because due to government help intiative steps has be taken.It is only government who always wants to do welfare of people.It is government who can control inflation and deflation in economy.Government can maintain healthy balance between all activity.It can encourage all people's to work.

As due to corona virus our economy is affected badly hence in this case only government can help .

Government can provides subsidies to poor person.Government can reduce loan and interest rates.Government can cut off electricity expense.Government can make funds for the relief of needy people's.This task can be done by government.There is complete lockdown in almost countries but it is the government who can maintain the people's daily requirement.Who can make policies for the benefit of poor.Hence government involvement helps a lot.Because it is government who an take intiative to help the population.It is government who can make plan for the employment of person's.

Hence government role is very important.