04.02 should the government control the economy?

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bitcoin, cryptocurrency, virtual @ Pixabay

The government is an institution that has been around for centuries.

It controls many aspects of life in a country, and sometimes even the economy as well.

The question is: should the government control the economy?

money, profit, finance @ Pixabay

To answer this question, we must first understand what it means to have a free market or a controlled economy.

A free market system does not allow any outside interference with prices or production while controlling economies dictates some level of intervention by regulatory bodies such as taxes and subsidies.

In other words, there are clear differences between these two economic systems that need to be studied before making any conclusions about which one is better for business owners and their bottom line!

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