Economics For Business Assignment Economics - 1362 Words

Economics for business assignment This is a two sided argument which needs complex and in-depth analysis to make a final judgement. The degree of government intervention may depend on many factors affecting the economy as a whole, a specific market and the businesses operating within it. The nature of different government regulations may have a restrictive nature, however some government action may have a beneficial effect on business activity and positively impact their objectives. It is essential to look at this argument from the businesses perspective to determine the government impact on their performance. It could be argued that the business would be able to be more prosperous within the free market economy where the resources are allocated solely by the forces of supply and demand without any government regulations. Businesses could benefit from economic freedom and transparency, they will not be burdened by government regulations and bureaucracy. One of the main burdens of a regulated economy for businesses is the excessive bureaucracy resulting from over-regulation. Considering â€Å"Barack Obama s health-care reform of 2010 which had many virtues, especially its attempt to make health insurance universal. But it does little to reduce the system s staggering and growing complexity. Every hour spent treating a patient in America creates at least 30 minutes of paperwork, and often a whole hour.† (http://www.economist.com/node/21547789 , 8/11) This suggests howShow MoreRelatedBUSINESS ECONOMICS ASSIGNMENT--3 Question: 1)(a)Analyse both the conventional and unconventional1800 Words   |  8 Pages BUSINESS ECONOMICS ASSIGNMENT--3 Question: 1)(a)Analyse both the conventional and unconventional tools used by central banks. 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