The paper examines the arguments for and against the intervention of the public sector in the housing markets using planning controls. Conclusions are made about the need to balance the pros and cons.
The paper examines competition as a key feature of capitalism analysing the dependence of price on supply and demand in competitive markets, the implications of change in supply and demand, the consequences of government interventions into free market systems, etc.
The paper provides critical analysis of the welfare effects of tariff and non tariff barriers imposed on the economy illustrating them with relevant examples. Conclusions are made about what type of protectionism is better and for whom.
The paper examines the economic phenomena of crowding out and crowding in reviewing related literature and discussing the causes of crowding, different views on the nature of crowding, Keysenesian model of crowding, liquidity trap, etc.
The paper examines the role of the Financial Services Authority (FSA) in regulating the banking industry. The aims of regulation are considered; the issues of managing systemic risks are addressed highlighting the methods of consumer protection, supervisitory functions, etc. The typical failures in the governmental regulation of banking are discussed.
The paper argues whether the aim of government is always to create economic growth and thereby improve the standards of living. The introduction of the Euro and the privatisation of government industries are analysed; the difference between the free market economy and command economy is explored; the influence of the government through fiscal and monetary policy is assessed discussing whether economic growth can be associated with an improved standard of living.
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