Mainly, on the grounds of need to change resource allocation and accomplish social welfare and economic development. Every political persuasion governments intervene the economy to influence scarce resources…
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The most significant part of the economy stability is the Fiscal responsibility. Debts of the government can easily be an economy burden and make its foundations weak. Sound microeconomic policies improve the government credibility and strengthen the institutions of politics. Therefore, the government has a responsibility in stabilizing the economy.
Government acts as policymakers in the role of gaining a stable economic environment for growth in economics. It defends and enforces property rights, maintain currency stability and give an oversight assurance to private citizens on accountability of their transaction partners. Therefore, it allows the participants in the market to start placing their resources again to work in most beneficial areas (Atkinson, 1997).
The economy performs with a massive and increasing the amount of regulation. The appointed regulators introduce price controls mainly in most utilities like electricity, telecommunication and gas (Barr, 2004). Economists of free markets criticize the control scales in the economy saying that it forms unnecessary costs burdens for businesses. Therefore, regulation can impose new competition in the market. For example, attempt to impose competition for the British Telecom.
President Barack Obama responsibility on Fiscal last February showed his understanding on the need of Fiscal discipline. The president’s proposed budget and Congress enactment of Reinvestment Act and the American recovery make the goal of a budget that is sustainable (Geoft, 2013). It also addresses long-termed nation’s fiscal priorities like liabilities entitlement, even vaguer.
The government controls the country debt deficit to stabilize the economy. Large deficit can lead to instability of prices and inflation if it finances the deficit through printing money. Inflation is as a result of depreciation of the currency that makes goods from foreign countries more expensive. Hence, it results to
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A similar view is the theory of Ricardian equivalence. The theory of Ricardian equivalence argues that financing debts through bonds is merely deferred taxation and is basically similar to current taxation (Dornbusch et al. 2011, pp. 336-337). Thus, because debts are merely taxation postponed, they have no effect on the economy (Miles and Scott 2005, p.
Therefore the emphasis must be on who should be allowed to own guns. The reasons behind extreme violence are multifaceted ranging from poverty, teenage pregnancies, drug abuse, racial unrest to emotional stresses like anxiety, depression and so on. Violence cannot belong to a single genre nor can it have a single solution.
Government policies can help in sustaining the status of America as the enterprising nation.
A large number of entrepreneurs in the country consider that government does not have a better understanding of their needs. They think that red tapism and bureaucracy are biggest hurdles in government dealings with entrepreneurs.
According to the paper the commonly used term ‘mass media’ encompasses numerous institutions and individuals that differ in method and purpose. In general usage, the term has been considered to define groups who make up the communications profession in both the entertainment and news industries. The specific role of the media in society is often debated but what is not argued is that access to information is essential to the health of a democratic society.
Some of the levels of government include the central government, local government, state government and the federal government. The government can take various forms and this includes constitutional monarchy which is a government with a King whose power is strictly
Other activities may include forecasting and budgeting which assists companies in planning their business activities for the future periods. This information is not only used for internal purposes but also a
The profession as we know it today was introduced in 1494 when the Italian mathematician Luca Paciolli wrote a book which included a discussion of the famous double entry system in which a credit must be balanced out by a debit. The accounting profession evolved a lot
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