laissez- faire or government intervention
.... One of the major areas in which the government intervention is imperative is in the agricultural sector of the economy. Basically, the government has two ways it can intervene and help its producers, including price policies and direct payments. Price policies are designed to help stabilize prices and give the native producers a chance to compete with foreign goods. The use of taxes is one of the government's favorite ways to make its presence known in the economy. The money it takes is used to fund other programs designed to protect consumers and to create jobs. The government should not only intervene in the agricultural sector of the economy, it should also intervene in the business sector. The ways it can do this are innumerable, but some of them are tariffs, subsidies and government loans. The use of tariffs is one way that government intervenes in the business sector in which it help inefficient domestic producers by forcing consumers to pay unnecessarily high prices for imported goods. Subsidies and government loans are another method of intervention for the government. In this method, money i...