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(Part One:Matthew, Part Two:Adam) - Coggle Diagram
Part One:Matthew
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Environmental Protection
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Importance
The importance of intervining for environmental protection is because big companys will disregard the environment so they can maximize the profts of the company, so it is inportant for the government to intervene to keep the enviroment alive.
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Part Two:Adam
Drawbacks of government involvement in the economy: Usually government is fairly good but sometimes they can be corrupt. It Is illegal for the government to use private information to gain a profit. An example is the us senators sold a significant amount of stalk.
Waste and Inefficiencies: Sometimes government : can be deemed wasteful and inefficient. This happens when people have good job security and don't work very hard.
Labor Laws: What they Are- Labor laws are what protect you from being mistreated or mispayed in relation to other jobs.These are important because they are what makes sure you get breaks, get paid the correct ammount and more.
Crown Corporations: A Crown Corporation is a government owned company. These exist to fulfill a job that a private company wouldn't benefit from. Some examples are Bank of Canada, PPP Canada Inc. and more at This site
Prevent Price Fixing: To Prevent Price Fixing company's will create an agreement to raise or lower prices. As a consumer there is a act protecting you from illegal price fixing