DISCUSSION 1 (ECONOMICS FOR BUSINESS)

Discussion 1 (Economics for business)



Discussion 1 (Economics for business)

Introduction

Replies - RE: Shawn Bates - Discussion 1

Yes you are right Shaw, government intervention undermines the capabilities of the market economic system and the resources. Even Adam Smith stated that the government intervention should be like an invisible hand, whose presence should be felt but it shouldn't be able to intervene. UK might have intervened in Scotland in order to improve the basic framework after which Scotland may continue on its own. However, it is just an assumption because real motives can never be identified. Government intervention ...