Tell me what you want to do AaBbcet Aab AaBbcct Ao8 Emphasis

Tell me what you want to do. AaBbcet Aab AaBbcct Ao8 Emphasis Styles Title Subtitle Subtle En. Intense Ed 1,Normal!!NoSpac Heading 1 Heading 2 · The \"market system\" is often touted as the best mechanism for producing the things that we want to have. Do you think, though, that this is true? Is it always true? Are there examples of items that privately-owned markets don\'t produce effectively? In other words, do you think the government should play a larger role (or a smaller role) in controlling productive activity in this country? Give supporting reasons, not just opinions! (At least five more sentence)

Solution

Yes , I think it is true, a market is a place where the goods public demands equals the total supply in the market, and the equalisation of this two determines the market equilibrium price of the product, so neither its seller biased or consumer biased, due to the presence of invisible hand there is neither excess demand nor excess supply of a product.

But this always may not be the case, In a country like ours or in countries where poverty is in a huge amount the government do have a huge role to play, if the entire food market was given the authority in the hands of privately owned market, then many people in countries like ours wont be able to buy food, because don’t have even the basic amount of money to feed themselves , that’s why subsidy and rationing are required. Next comes education , if education would have been given in the hands of private market then, the owners of the schools or the institute would have given a high monthly fees and many children wont be able to pay it, so governments are required to create govt school so that all the childrens can atleast gain the basic education required for the development of the entire nation as a whole.