Role of government
(Essay by Andrea Mina Weihe)

The role of government in the economy depends on the form of society. There are differences between each state about the question how far a government should interfere with the economy and even within a society there are no consistent opinions about it. A current example for this controversial issue is the introduction of the minimum wage. From the neoliberal perspective, minimum wage may lead to unemployment, from the socio-polit...

379 abl absolut accord activ adam advantag advoc also andrea anti anti-cycl approach attach breach compon concern consist controversi cours creat current cyclic decid depend differ disadvantag distribut due econom economi effici elementari embodi endors enough equal equat essay essenti ethic even exampl exist fair far form framework freedom function general govern great guarante guarantor hand happen health howev import incom individu insur interconnect interfer intervent introduct invis issu job kind lead left legal like limit longer lose make mandatori market may mean member mina minimum moral must necessari neoliber nevertheless opinion opportun pension peopl perspect player polit power principl prioriti public question reduct refus regul resourc respons role scarc self smith social societi socio socio-polit someon state statutori support sure task think top unemploy wage way weih welfar within without word work would