Essay On Government Intervention In Business

INTRODUCTION

Government should be an active participant in business. As we know, nowadays many sectors in the business world have long complained about government regulations and their restrictive nature. Often referred to as a barrier to corporate and small business advantage, and wasting valuable time and effort, the government statutory requirements have been criticized, side-stepping and violated by many businesses since the early twentieth century when the corporate income tax and anti-trust were first being legislated. That’s why the government should involved in business either private business or public business. We have some reasons to support our argument for this resolution.

One of the issues that occur in the field of business is to what extent the government should intervene in the economy. We support that the government is actively involved in a free market economy argue that government intervention is necessary as government intervention tends to lead to an efficient allocation of resources and under control. The main point for the reasons about this resolution is business regulation, which is having two sub points for this main point is price control and property control.

For main point is business regulation that

Government should be an active participant in business because through property control, this can take the form of taxation, prohibition, or seizure. Taxation, particularly of wages and income, implies that the government is the primary owner of the product of labor, and that the people are entitled only to what the government allows them to keep. Disregarding the moral implications, both the tax itself and the costs of tax compliance reduce taxpayer wealth. Much of this wealth is then wasted on unproductive endeavors, such as paying for the labor and capital required to collect and allocate the tax revenue, instead of being distributed as entitlements or satisfying consumer