Several debates have arisen about how much the government should interfere with the economy. Although every country must have an economic system, it has a logic behind the system, the form of government. For some people, government intervention in the economy is considered significantly necessary to protect them from the worst elements of the world such as poverty, discrimination, and public safety, to name a few. On the other hand, many think that such regulations are unnecessary and actually constitute an invasion of freedom. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayWhen discussing how involved the government should be in the economy, I personally think that the government should take a limited role in the economy. When the government gets involved in addressing problems, it ends up having more cons than pros. For our economy to succeed, it must be left alone and free. For example, any business has an end goal, which is to make money just like the economy. Think of it this way: for a business to struggle and survive in the long term, it needs to make money. When revenue is generated by the government, it can create a domino effect in one way or another. If the economy fails to meet the needs and desires of the country, it will fail. However, if the economy stood alone, without any interference from the government, it would make it work much harder towards more ambitious goals. The economy greatly affects all lives across the country, without many of us having a say in the matter, but it is still the biggest influencing factor. It affects how easily a job can or cannot be obtained, how quickly the prices of goods and services fluctuate from high to low in a market system, and how much money people can spend or save. I look at it as if the government interferes, it will eventually become an ongoing impediment to what an economy is trying to achieve, which is revenue. The government wants to tax everything because it claims businesses don't pay enough to the country's low-income people. But really all it's doing is taking money from these businesses that they don't have, which ends up in inflation. Another example is the minimum wage, which although it only affects small businesses, they are always looking for ways to reduce costs and the obvious conclusion is to minimize wages or salary. As a result, skilled people are more likely to be hired than unskilled people, thus creating unemployment in the economy. These interferences can create economic benefits, but they also cause welfare problems. And as mentioned above, a country's economy will only succeed if and when the government does not intervene in the best interest of the economy, i.e. revenue. When faced with problems such as poverty, this shows that the economy is capable of functioning without government. Therefore, I argue that the government should have limited interference with the economy. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay As a young adult currently enrolled in college, I and many others have one goal and that is to be successful. Whether it is some who simply want to get an education, be able to support themselves and their family, or become a millionaire. Regarding public education and achieving equal opportunity for all, I find this to be essentially true. I say this because most low-income students are not enrolled in college.