Would you rather live in an economy where the government makes primary decisions
or one where consumers and producers make all the decisions? Why not have a mixed economy
with a little bit of each? A mixed economy that contains safety nets, laissez faire and government
intervention (when needed) will lead to a better society.
First of all, economic security plays a huge role in a mixed economy, by protecting its
people. If a person is sick, unemployed, injured, or in need for financial aid, the government
should definitely step in and help. This is known as a safety net; when people know they can
depend on the government to help them in times of desperate need. Safety nets are very
important because people should know that the government is there to provide financial aid.
For example, if someone is unemployed, the government provides a saftey net by sending
monthly payments of unemployment insurance to make sure that a person has enough money
to support themself. The government plays a huge role in providing security for everyone to
make sure that nobody is at a disadvantage. A mixed economy like the U.S. provides health
care, education and fair class differences will be the best solution to its people. An economy that
can provide support to its citizens, unlike a market or a command economy, strives to be the
Secondly, a mixed economy in which laissez faire exists to a certain extent benefits
the people most. The government should not intervene with the market unless the market
is in a seriously bad condition. In addition, the government shouldn't control what firms
and households sell and produce because there should be economic freedom in the market
to satisfy consumers wants and needs. However, if the market is falling apart or prices are
unfair, the government has an obligation to step in and...