Some businessmen argue that economic sector should be free without any government’s control this is for better economic outcomes, while others insist on the control of authority on market industry. This essay will explain both views and I will give my opinion.
For those who foster the opinion of free market and the economy should not manage it, they believe that if authority control this sector it will engage itself in failure projects in term of its political relationships with other countries, which may do not achieve any benefits for the country itself, so politics would control economic sector, they believe that the economics should be under their control so they can make best choices that improve economics and separate between economics and politics, as a result they can make quick decisions and this could lead to economic prosperity.
Secondly, for others who are authority supporters, they argue that if the government manage economics, the opportunities will be distributed fairly, and it would control the monopoly acts by businessmen, also the government could impose rules that can protect workers and consumers as well because if businesses become free, businesses will focus only on making profits, which in turn lead to neglect of social welfare issues. In addition to price stability . For example businessmen can enforces worker to work under bad conditions, or sell their products in high prices. Also the government could contribute to the protection of the economics from failure by impose appropriate laws, it can also manage the gab between rich and poor, by rising the taxes on rich and give more opportunities for poor so this will promote equality.
In conclusion, although some economist argue that the economic sector would grow considerably if it is not under the government Management, I believe that fairly distribution for opportunities would be achieved if the government manage it.