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Government involvement in the economics of a country destroys the concept of a free-market economy. If the goods and services produced are subject to the forces of the market only, it is likely, under most circumstances, that both the producer and the consumer will reap the benefits. The market mechanism is such that the price it eventually settles on is reasonable for both the consumer and the producer. If the government is not involved in the market for at least some consumer products, then the hazards of a free-market economy would come into play. In the case of goods that are inelastic in nature; that is, the goods which are a necessity and for which there is no substitute, it is likely that the producers would exploit the consumers by raising prices, in order to obtain maximum profit. In such a scenario, government involvement is imperative; it must impose a...

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