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If you will always get the same pay, the same benefits, and the same amount of vacation why would you bother to do something challenging? It would be easier to just half heartedly perform menial labor for the rest of your life that it would be to work hard and become an astronaut or a CEO.
The less control there is the more chances there are for inequality. Lots of people won’t have an education and healthcare. Everyone will always be fighting for more, and some people will invariably be crushed beneath the tides.
It's a balancing act of incentives and disincentives.In response to the comment posted by encol:
During his tenure as US president Roosevelt implemented a number of economic reforms, and although labled 'liberl reforms' they were in fact social reforms (relative to the usual american market economy of course)...
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Common topics in this essay:
- Market Economy Vs Command Economy
- A Market Economy
- Command Economy Vs Free Market Economy
- Definition of Command Economy
- Free Market Economy
- How has the level of employment/unemployment and national minimum wage legislation impacted on the economy as a whole and how will this effect the economy in the years to come?
- Market Economy
- Stock Market vs. Economy
- The Advantages And Disadvantages Of Free Market Economy, Price Determination With Market Forces. And Government Intervention With Free Market Equilibrium Price And The More Suitable Model For The Sudan
- The Modified Market Economy
- Capital in the Market and Economy
- Command Economy Vs Free Market Economy
- Market Economy Status
- Market Economy
- market vs planned economy
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