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The UK - a free market economy?
Member rating: No Rating | Words: | Submitted: Tue Jul 13 2004
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The UK - a free market economy? Since the 1980s, the UK government has been trying to reduce its involvement in the economy and increase the role of the private sector.UK was quite clearly a mixed economy. Government will intervene and try to provide public services and other goods that can increase the consumer welfare. The government and the private sector work together to manage the economic affairs. The role of the UK government is not to compete with but to complement the government by providing the infrastructure so that economic activities can be carried out effectively and efficiently. The education and health were both provided by the government so as to increase the general living standard of the people. In the creation of the National Health Service, most people had to pay for their healthcare directly. A trip to the doctor meant paying a fee. People faced choices about...
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