Problem
According to neoclassical (free market system proponents, government should not be allowed to intervene the market due to the fact that it would affect the equilibrium price and quantity.
However, many other also argue that the government should intervent the market to ensure the welfare of the society.
In your opinion, should the government be allowed to control the market or not? If yes, justify how much government intervention is Enough?
Instruction
• You may provide your case by giving the reference of a country of Switzerland and its practices.
• You may provide your case by giving the reference of a specific country (other than Malaysia) and its practices.