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Word Count: 436
The three most important ways the government should intervene with the economy is through social programs health and safety controls and environment protection Government funded social programs are essential for an economy and a country as a whole to prosper Some of the social-insurance programs in place are welfare pension and disability Some citizens are unable to work because of old age a disability or unemployment There has to be government support to help people get through hard times or retirement Health care that is available to everyone no matter who you are is also important In the United States some people cant receive proper treatment due to the extreme costs This produces huge amounts of money for the capitalists in health care however it is an un-fair system of health care The Canadian health care system even though it doesnt produce the profit as does the United States health care system keeps its citizens healthy due to the free health care Environment protection is also another key factor a government must take into consideration In many capitalists pursuit for profit corners are cut on the environment The Canadian government has many good laws for environmental protection such as tree re-planting Without this our forests would be completely depleted The three least important ways the government should intervene with the economy is through the private sector innovation and makes production more efficient The private sector has to be government free except for some regulations such as minimum wage and fair-ness laws prevent false advertising and un-fair hiring For an economy to prosper to its maximum potential it must have as little government intervention so it can play itself out This is usually always a good thing because it gives consumer choice dollar voting and competition However these positives virtues may also turn bad such as competition If competition becomes so intense that one company owns all of the means of production
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