Government Intervention VS Market Based Solution
The theory of market economies emphasizes freedom of choice and limited government intervention. The classic argument for government intervention is market failure - the inability of the market economy to correct itself from a dysfunctional state (such as the Great Depression).
Examine this case of significant government intervention as it relates to your current industry of employment or an industry in which you are interested in working. Examples of intervention programs include,
- Medicaid, Children's Health Insurance Program, Obamacare
Develop a 5-slide presentation including detailed speaker notes or voiceover including the following:
- Describe the intervention and detail its history.
- Analyze the arguments for government intervention as opposed to arguments for market-based solutions.