Several debates have arisen over the extent to which government should interfere with the economy. Although every country must have an economic system, it has a reason behind that system, a form of government. For some people, government intervention in the economy is seen as necessary to protect against the worst elements of the world, such as poverty, discrimination, and public safety, to name a few. On the other hand, many believe that such regulations are unnecessary and actually an attack on everyone's freedom. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay When we discuss the extent to which the government should be involved in the economy, I personally think that the government should play a limited role in the economy. When the government gets involved in solving problems, it ends up having more disadvantages than advantages. For our economy to succeed, it must remain quiet and free. For example, every business has an end goal, which is to make money, just like the economy. Think of it the same way that for a business to strive and survive in the long term, you need to make money. When revenue is generated by the government, it can create a domino effect in one direction or the other. If the economy fails to meet the needs and wants of the country, it will fail. However, if the economy remained self-sustaining without any government interference, it would work even harder to achieve higher goals. The economy greatly affects all lives across the country, without many of us having a say, but it is the primary influencer nonetheless. It influences how easy it is to find a job or not, how quickly the prices of goods and services fluctuate up and down in a market system, and the amount of money people can spend or save . I think if the government intervenes, it will eventually become a permanent barrier to the goal an economy is trying to achieve, which is income. The government wants to tax everything because it says businesses don't pay enough for the country's low-income people. But in reality, all it does is take money away from these companies that they don't have, which results in inflation. Another example is the minimum wage, while the minimum wage only affects small businesses, they are always looking for ways to reduce costs, and the obvious conclusion is to minimize wages. As a result, skilled people are more likely to be hired than unskilled people, thereby creating unemployment in the economy. This interference can create economic benefits, but also cause welfare problems. And as mentioned earlier, a country's economy will only succeed if and when the government does not intervene in the best interest of the economy, i.e. revenue. In the face of problems such as poverty, this shows that the economy is capable of functioning without government. Therefore, I argue that government should have limited interference in the economy. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay As a young adult currently enrolled in college, I and many others have one goal: to succeed. Whether for some it is simply a matter of studying, of being able to provide for their needs and those of their.