Role of government in a totally free market economy?
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11-19-2012, 02:20 AM
Post: #1
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Role of government in a totally free market economy?
In a totally free market or capitalist economy, what role does the government have? Would government exist? I have a Social Final Exam tomorrow, so I was just wondering. With no need for government regulation, would we need government?
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11-19-2012, 02:28 AM
Post: #2
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The government would be primarily involved in protecting private property under the law.
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11-19-2012, 02:28 AM
Post: #3
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In a totally free economy, the government would only be interested in enforcing contracts and preventing the use of force and fraud.
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11-19-2012, 02:28 AM
Post: #4
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In order for a free market to exist, one must be secure in his ability to own property. This includes contract law, police forces, and rules for publicly held companies.
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11-19-2012, 02:28 AM
Post: #5
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Without government regulation ,market economy usher to civl war.
No regulation means no order. We ctizen commit government to regulate market in exchange with abstaining our inherent nature of greed. |
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