I don't believe so.
Government intervention (such as welfares) is actually a good policy to help poor people sustain themselves for a short period of time .
But, in order to fully eliminate their poverty, Government should focus itself to help poor people get a good job to sustain their own living, otherwise, the Government just hemorrhaging expenditures and increases national debt overtime
President Ronald Reagan rejected the theory of Keynesian economics, this theory proposed by John Maynard Keynes, embodied in his work General Theory of Employment, Interest and Money, published in 1936 in response to the Great Depression of 1929, the central principle of this school of thought is that state intervention can stabilize the economy, Keynesianism is one of the best-known economic theories, its main characteristic is that it supports interventionism as the best way out of a crisis and as a mechanism to stimulate demand and regulate the economy in times of depression.
Answer:
Key Takeaways
Explanation:
Market economies utilize private ownership of the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. In reality, all economies blend aspects of the two.
Confucius meant, when he advised people to think of themselves when they saw a criminal or a greedy person, to treat others how you would like to be treated. Also to think of how you would feel in the criminal or greedy person’s situation.
