Economic Structured Adjustment Program ( Esap )

policies had led to a budget surplus and had shrunken the federal deficit to its lowest level

Up until the 1880s, the United States economy followed the policy of laissez-faire (the idea that the government should have no involvement in the economy), and this led to competition which led to good prices of goods for the average consumer. However with the growth of many large companies that controlled the market, prices of goods raised due to the lack of competition. With consumers becoming frustrated and prices constantly rising, the government was forced to regulate the control of monopolies in the market.

At the time the government did not regulate the economy and did not bother themselves with the growing market. This system was known as laissez faire which is the policy of letting things take their own course, and not interfering. The idea of laissez faire itself seem well intentioned, but many felt that monopolies in big businesses had too much power over the people to go unchecked by the federal government, thus many people pushed for the government to regulate big businesses from controlling too much of the market. The push for government control over the economy is what brought about the form of government we have today where the government controls the economy and the

As part of the 2009 Recovery and Reinvestment Act, the Obama Administration secured $4.35 billion to encourage state-led education reforms known as the Blueprint for Reform. The Blueprint for Reform was a proposal to change the Elementary and Secondary Education Act, which was first established in 1965 (Rochefort and Donnelly, 2011, p4). In 2002, President George W. Bush‘s made changes to the Act by introducing his education reform plan, No Child Left Behind (NCLB). Obama‘s Blueprint for Reform proposal involves changing NCLB as well as encourage the adoption of college and career-ready student education standards (Rochefort and Donnelly, 2011, p4). One of the educational programs of the Blueprint of Reform is the Race to the Top program.

What are the main reasons why government should take only a limited role in a market economy?

Congress passed the American Recovery and Reinvestment Act on February 17, 2009. President Obama signed the act into law four days later. The law directed about $150 billion in new funds to the healthcare industry. It included $87 million for Medicaid, $24.7 billion to subsidize private health insurance for people who lose or have lost their jobs, $19.2 billion for health information technology, and $10 billion for the National Institutes of Health (NIH). The act also provided $650 million to support preventive medicine and wellness activities targeting health issues such as; obesity, smoking, and other risk factors for chronic diseases as well as $500 million for health professions training programs. This legislation has helped stimulate the

An Employee Assistance Program, also known as an EAP, is an employer funded counselling service to help employees deal with social and emotional problems that impact on their well-being and on their work.

Government plays a crucial role in the market economy by ensuring the laws and regulation are abide by, and control the production of the private sectors, although, over the years its efforts in controlling such economies are minimal and insignificant. Market forces of demand and supply play a major role in setting trends that such market economies follow. Economic growth, inflation, interest rates, wage rates of workers and unemployment rates are some of the fields the government takes part in controlling, to boost the Gross National Product (GNP) of the state.

The American Recovery Reinvestment Act is designed to stimulate the economy or increase aggregate demand and was signed by President Barak Obama in 2009. Some of the major expenditures of the ARRA are tax cuts, healthcare, education, the environment, social welfare, infrastructure, energy, housing, research, etc. Fiscal policy is when the government is using taxes and spending to alter change macroeconomic outcomes. The government has three options when it comes to changing the outcome: increase/decrease taxes, transfer payments, or government spending. Government spending is classified as healthcare, education and the environment because all the money is being spent on the economy. Tax cuts is its own category and if we increase taxes then

A. The defining feature put into action by the government regarding the economy and as a result of the industrialization was a policy called the laissez-faire. The rules and regulations were limited because of the government though it was best for the owners of businesses to make decisions for themselves. Therefore it made this free enterprise

The government does not necessarily need to intervene how the marker goes. Therefore, the competition is a significant factor of the free marker economy.Active but limited government is another main part of the free market economy. This means that the government undertakes a significant, active role in the market, but at the same time the government’s role is ver limited because all the investments and decisions in the economy are controlled by the market than by the government. An invisible hand will control the market. Limited government is a type of government in which there is a minimum intervention in personal properties. Overall, the government tries to keep the economy in a law and let it free by limiting itself. Hence, the limited government is an essential factor of the free market economy.Last, self-interest is a significant part of the free market economy. Self-interest refers to one’s desire to buy something. The market will be generally controlled by people’s interest; the companies will compete with one another to fit the best taste. This is because the people’s interest will be the main trend in the market and it will control what should be made in the market. Consequently, the market will be self-regulated according to the theory of a free market. Therefore, the self-interest is another significant factor of the free market economy.Therefore, the competition, the

Only authorizing a tax system that allows for prosperity and growth, not penalizing those who succeed

The poorer were seen to be suppressed by these policies as compared to the wealthy and these in general reduced people's saving abilities. However, there was a tremendous fall in both unemployment rate and interest.

It is a refundable federal income tax credit for low to moderate income workers and families. Congress initially approved the tax legislation in 1975 to offset the burden of social security taxes and to provide an incentive for Americans to actively work. It is also recognized as the largest federally-funded means-tested cash assistance programs in the United States. According to Slack (2014), “it is clear that low-income families depend heavily on a wide array of means-tested programs in post-welfare reform era, and that such programs appear to collectively help families climb above the poverty line” (pg.

The employee assistance programs commonly known as EAP’S are the services and employee benefits programs that a provided by the company to its employee to develop trust with the employee that the company is providing the best package in accordance to the employee services so that he or she can work in a stress free environment and give a batter performance.