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Compose a 250 words essay on Proper Role of Government. Needs to be plagiarism free!In the absence of regulation and in the presence of externalities, all individuals in the society may not be comfort
Compose a 250 words essay on Proper Role of Government. Needs to be plagiarism free!
In the absence of regulation and in the presence of externalities, all individuals in the society may not be comfortable. Therefore, I propose that the government should regulate the market to eliminate inefficiencies such as externalities and inequalities in income distribution.
I agree with you that there is a need for the state to provide protection and national defence in an economy. However, you argue that the state and its citizens should act in a way that all parties find happiness while they struggle to co-exist. This means that the state and the citizens live in a market where equilibrium may be achieved through the forces of demand and supply. This may be hard to achieve because all individuals have their own personal interests unlike the state, which aims at achieving national security (Robert 539). Therefore, the differences in individual interests may hinder the state and the citizens from achieving happiness that is brought about by market
