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A Balanced Economic State

State welfare is directly dependent on the characteristics of the economic system of the country. The advanced system ensures economic prosperity of the state. But how can it be built? In fact, there are a few simple truths, which are key to economic well-being of any nation.

One of the most crucial aspects in the creation of an efficient economic system is capitalism. The capitalist system is the worst enemy of any developed of nation. This system not only prevents the harmonious advancement of the state, but also the construction of the middle class population. Capitalism entails the presentation of a huge gap in living standards. It means that there is a small group of rich people, while most of the population lives in poverty. Of course, this situation has a negative influence on the evaluation of the state and the living standards of its population.

Another important point in the creation of an economically balanced state is monopolization control. Such phenomenon, as a monopoly has a negative impact on the progress of the state. This is due to the fact that a huge percentage of public money is concentrated in one hand. Also, dealing with monopolization, it is important not to forget about the control of prices on goods, because a large gap between prices and the solvency of the population can lead to disastrous consequences for the state.

It should be noted that capitalism and monopolization are not focused on the creation of a harmonious society and on the needs of the population. Any capitalist or monopolist is focused on making profits. Such people have little interest in producing high-quality goods necessary for the population.

Any government should understand that their primary task is the setting of appropriate living conditions for the community and further improvement of the country. The industrial complex of the country should be adjusted to effective cooperation with other states and the setting of foreign economic relations, but also the industry should be able to meet the needs of the local population.

Also, the other very significant point is the tax system. Proper distribution of tax payments can bring profit to the country and simultaneously, such payments should not infringe upon the rights and freedom of the population.

It is important to realize that the economic system should be balanced. Economy, focused on meeting the needs of every member of the population, promote the most effective and rapid progress of the state.

State welfare is directly dependent on the characteristics of the economic system of the country. The advanced system ensures economic prosperity of the state. But how can it be built? In fact, there are a few simple truths, which are key to economic well-being of any nation.

One of the most crucial aspects in the creation of an efficient economic system is capitalism.

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Assignment ID
100002450
Discipline
Type
CREATED ON
October 20, 2016
COMPLETED ON
October 21, 2016
Price
$21
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Essay Example Comments
mustafa6562
December 10, 2016
mustafa6562
professional writer
russHambly63
December 9, 2016
russHambly63
Great, thank you
samber66654
December 9, 2016
samber66654
Very well done.