Question

You are now familiar with government and how it plays a role in our economy. What are the advantages and disadvantages of governmental involvement? What changes would you make to improve government’s role?

Answer 1

Advantages: moderate buying and selling 

disadvantages: less 'freedom' for the buyer and sellers

Answer 2

Answer:

Explanation:

-On what I learned from this module two advantages of governmental involvement could be that the government satisfies the needs of citizens without overproductions of goods and citizens may have greater equality with each other and more control over the economy through the government.

-Now based on this module, two disadvantages of governmental involvement are that they can be slower to develop technological or other changes because of the need for government approval, and consumers may have less access to goods that they desire versus those that they need.