Economy stability, standard of living, labour laws and disparity of wea

Economy stability, standard of living, labour laws and discrepancy of wealth and product.Flowers are beautiful. Flowers eject grow in the wild, alone, with only reputation affecting their growth, or they can grow in a greenhouse, where wholly their conditions are have gotled. With either option we finddifferent effects on the elevations. In nature the environment candestroy the flower, but the flower in the greenhouse lacks naturalnutrients received by the outside valet de chambre and usually become withered.This can be related to establishment control within the economy. With toomuch control, the economy can become suppressed and with not enough, itcan collapse upon itself, therefore a healthy equilibrize must be found.This brings up the issues of economy stability, standard of living,labour laws and difference of wealth and product. On the right side ofthe spectrum we find capitalist economy. Capitalism is an standard of free tradewith no government involvement in the econo my. It was created by Adamsmith, and exercises the theories of laissez faire. Although in acapitalist economy the economy can see great times of boom or bust.Monopolies are to a fault prevalent within these societies because there areno laws against such things. On the left of the spectrum we findsocialism. Karl Marx created this concept. His was an ideal ofscientific, where he stated there would eventually be no class, and apattern would be followed in the economy. other form of socialism isutopian created by Robert Owen. Owen believed the same concept, but hebelieved through providing more he would get more in return. This thus far did not happen because the workers ended up becoming lazy whenthey were guaranteed the things they needed. socialist economy follows the... ...risk the consequences of the abuse ofpeople, poor quality goods and lack of advance in products. alone if youhave too little you face booms and bust, disparity, and an unstableeconomy. Finding rest of the tw o extremes is a problem thatnations struggle with constantly and a normal choice of many,including the successful Canada, is welfare capitalism. Its the bestchoice because it promotes the ideals of both capitalism andsocialism. The spirit of capitalism with its free trade and marketeconomy with travel products and aggressive markets and the controlof socialism with state programs like healthcare and unemploymentcoverage, knowledge taxing and the regulation that government canprovide. So when asked the question, to what extent should governmentbe involved in the economy an impeccable answer that comes to mind iswelfare capitalism.