HOW CAN THE GOVERNMENT CONTROL THE COUNTRIES ECONOMY??

To start with, what is Economic System?

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Economic system can simply be said as a process by which the societies takes a decision on the economic problems that might be a pest to then in the country.. This differ between the economy to others and it depends on the type of the economic system that is practiced in a given society..

HOW CAN THE COUNTRY ECONOMY BE CONTROLLED??

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The economy of the country can be controlled by different ways which the government can imbibe into their for a betterment of life and the sustainability of everyone.. The government has some regulatory powers in which they can use to make sure things are right in the country but they won't do. Today, I will list some ways by which the government can control the economy..

1. The regulation of powers of single entity through the use of antitrust law..This kind of sole entity can be controlled by encouraging greater competition with the traders.

2. The regulation of banking activities in order to control the commercial banking activities in the country..

3. The setting up of securities and some exchange commission that can look after the financial economy in the country.

4. Introduction of insurance scheme to the economy and pension scheme also to promote the economy.

5. Regulation of work function to ensure the comfortability of the work place..

6. The use and disuse of child for labour.. There has to be some certain criteria's to reduce the use of child labour.. child are meant to go to school and get educated and not to be used as labourers on the Street..

7. There should be compulsory collective bargaining to ensure that employers come together to ensure that workers are not cheated upon and not deprived of their right.

8. There should be introduction of a free labour interactions in the economy system.

These are the little ways which believe government could proffer a better solutions to the countries economy.