Australian Assignment Help | Management Assignment Help Experts
In this Assignment help,We explained the effects of Government
Interventions, Taxation and Regulations of Economic Behavior
According to the team of Australian assignment help, Government intervention plays an
important role in setting the price mechanism in order to change the allocation
of resources in an economy. In the free market economy, scare resources are
allocated through price mechanism. Government intervention is helpful in
developing the living standard of people in the economy. Moreover, government intervention
will improve the market failures in the economy by setting the appropriate price
mechanism. Further, government will also provide equitable distribution of
income and wealth in the economy, which will put positive impact on the performance
of the economy.
Government regulations are helpful in controlling
the illegal activities in the economy. Regulation regarding employment is
helpful in offering legal protection for the workers by setting maximum working
hours for them . It is analyzed that economy operates with the
huge amount of regulations. Apart from this, regulations are helpful in
introducing the fresh competition in the market. Government has appointed the
regulators for the price control in different utilities such as
telecommunication, gas, electricity and rail transport. Therefore, government
regulations also put impact on the overall economy of the countries. We provides the best Australian assignment writing team.
In addition, taxation also plays an
important role in developing the economy. Taxation policy affects the
incentives of the individuals to earn additional income. It is identified that
with the increase in tax rates, production of goods and services decline. On the
other hand, government tax revenue does not increase as the tax rate increases.
Further, taxation policy has also promoted the equitable distribution of income. Some people believes that reduction in tax will be helpful in increasing
economic growth and prosperity, while some stated that reduction in tax will promote
the unequal distribution of income. Thus, it is analyzed that taxation put both
positive and negative impact on the economic behavior. You can check our assignment help sample for more detail.
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