Inca Government Intervention

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

Some people think that the government should be somewhat involved in the economy. People on this side think that the government should regulate certain things in the economy like distribution of wealth and food production. This form of economy these people are suggesting is a form of socialism which has failed multiple

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.

I believe the extent at which the United States Government is involved in its economy is the appropriate amount in which a government should control its nation’s economy. Its mixed, but nearly capitalist economy allows Americans to be successful. The United States government intervenes enough to give its citizens basic necessities by collecting taxes. By offering resources such as public education and healthcare, the United States government has potentially given every one of its citizens the opportunity to be successful. Granted, not every citizen will fully utilize these resources given to them for various reasons, but at least they were offered. Money as an incentive drives the American citizens and ultimately its economy to be successful.

The expansion of the Inca Empire is a process that begins with the defeat of Chancas by the Incas. The Incas used road network covered more than 40,000 km and as well as allowing for the easy movement of armies.

This means that government intervention is both good and bad. I personally believe that government intervention is 100% necessary for the Economy. I don’t agree with all of the rules and regulations that the government has passed, but without government intervention I believe the US Economy would become an inefficient market. My top reasons for siding with Government intervention are; 1) The government does its best to combat market inequities through regulations, taxation, and subsidies. 2) The government intervenes to promote general economic fairness. 3) The government maximizes social welfare through breaking up monopolies, regulating negative externalities such as pollution, etc. 4) Governments may intervene in markets to promote other goals such as national unity and

Located on Andean Mountains, Inca stretched across Argentina, Peru and Chile. Throughout the empire, there were 3 distinct geographical features: The Andes Mountains, The Atacama desert, and the Amazon rainforest. Incas – also known as the Twantinsuyu ruled the largest pre-Columbian native empire. Close to the end of the 14th century the Empire began to expand from its initial origin, throughout Cuzco of the south of Andes, mountains of South America. By 1500 AD Incas had the largest population in the Americas, but its expansion came to an end with the invasion of the Spaniards.

These are just a few examples of how the extraction process of certain nonrenewable resources can impact the environment. However, this negative impact does not stop there. The factories and refineries involved in the production stage emit an astounding amount of pollution. They are one of the major contributors of greenhouse gases. However, these pollutants are also able to dissolve in lakes, rivers, oceans, and even in rain. Once in our water system, they are then able to propagate throughout the food chain, eventually working their way back to humans (Leonard & Conrad , 2010).

Most Latin American countries have favored considerable government intervention in the economy from the 1930s to the 1980s due to the Great Depression. With authoritarian parties or military dictators, nationalism has been imposed and policies that create greater economic independence was favored. For example the import substitution industrialization (ISI) was created to reduce imports. The importance of this reform was to create jobs, export more, and make the items being produced more competitive to the items coming overseas. A leader that preferred this method was Juan Domingo Peron (Argentina). Juan Peron “resisted exports and insisted that industrialization was the only way forward” (Metoyer). Due to individuals like Perron, many authoritarian

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

Governments may intervene in the market system to fix prices above or below equilibrium if they believe that it is in the public interest to do so. Governments may intervene in the provision, regulation, maintenance and management of public goods to maximise the benefits to the

Pollution is a term applied to any environmental state or manifestation which is harmful or unpleasant to life, resulting from failure to achieve or maintain control over the chemical, physical or biological consequences or side effects of human scientific, industrial and social habits (Feugo, 2008; Anderson et al., 2005). From another perspective, water pollution refers to any physical, biological or chemical change in water quality that adversely affects living organisms and makes water unsuitable for desired uses as a result of anthropogenic activities (Cunningham and Saigo, 2003; Anderson et al., 2005). Many human activities from water supply and sanitation to transport, mining and the chemical industry have the potential to pollute

Government intervention takes two paths: Political and Economic. Political arguments for intervention are stressed with protecting the interest of groups such as producers, within a nation. This is the opposite of a free market, where government does not apply protectionism which can be defined as “Government actions and policies that restrict or restrain international trade, often done with the intent of protecting local business and jobs from foreign competition with the use of influence quota, duties, subsidies, what its citizens can buy, produce and sell from another country“ (Investopedia, n.d). Free trade is not always good, increasing trade means higher transport usage, which leads to higher cost and also greater environment

Every day, people produce millions of trash that are disposed in landfills which can cause water,

At the core of the theory justifying the need for government intervention lies conviction of the existance of market failure, defects that make certain market situation, which by its nature is to aim to maximise satisfaction / utility and optimally allocate resources, it stops - in the sense of optimum Pareto- function properly (Francis M. Bator, 1958) . In other words, the market reduces the utility and waste resources. It must therefore step a mediator- usually government or legislative body- which will correct existing errors, improving the existing condition of things, that is, increasing the usability and improving allocation. Interventionism is often called the third way, mixed economy, social market economy or the welfare state and the main purpose of it is to achieve compromise between capitalism, which is identified with the market econmy, and socialist system where the predominant form is centrally planed economy. The term market failure, which for he first time appeared in 1958 (Francis M. Bator, 1958), defines situation where the market does not perform in a rational ways its basic functions; motivational and allocative. According to F.M.Bator, the market fails when people are fully dedicated to their private interests what in fact leads to inefficiency. F.M. Bator argues that businessmen`s desire for a ``quiet life`` is oposed to the fact that ` they have to do with the efficiency of ``real life`` market institutions operated by ``real life`` people in a