Government Intervention in the Economy: Some people believe that governments should regulate the economy, while others argue that the economy should be allowed to regulate itself. Discuss both views and give your opinion in 250 words.

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Some
people
think that the state should control the
economy
while
others believe that the
economy
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the economy
show examples
should be able to regulate itself. I will take 2 examples, one with a command
economy
where the
government
regulates every aspect of the
economy
and one with a free
market
economy
where the
government
has no control over the
economy
. North Korea is reputed for its very strict command
economy
, every single aspect of the
economy
there is controlled by the
government
. Every single trade whether it is a service or a good is provided by the
government
and approved by the supreme leader. The tax and bank systems are under
government
control and not respecting
government
policies on
economies
is a serious crime punished by the death penalty.
On the other hand
, Singapore is renowned for its free
market
economy
with more or less no
government
intervention. All of the big companies, providing electricity, water etc... are privat. There are almost no regulations on the
economy
except a few for legal reasons. It seems to be working really well for Singapore as since they have institutionalized an open and corruption-free environment, their inflation remained low, and their GDP per capita is some of the highest in the world. In my opinion, a free
market
economy
is a much healthier economic system for a country. It permits
people
to start businesses and to make their own way through the world. Free
market
economies
don’t only benefit rich CEOs and company owners, they
also
benefit less wealthy
people
as they can have a chance at anything. In conclusion, command
economies
are more or less
a
Correct article usage
apply
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dictatorial, communist
economy
that gives no freedom to the
people
while
on the other hand
free
market
economies
are strong
economies
that basically gives all the freedom to the
people
and lets them create their businesses in order to give a chance to everyone.
This
is why
i
Change the capitalization
I
show examples
prefer free
market
economies
.
Submitted by z.pfister on

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coherence cohesion
When structuring your essay, ensure that each paragraph has a clear main idea and that the ideas flow logically from one to the next to maintain strong coherence and cohesion. Transition words and topic sentences are necessary to guide the reader through your argument.
coherence cohesion
Your introduction should clearly present the topic and outline the structure of the essay, while the conclusion should summarize your main points and restate your opinion. Both were present but not fully developed in your text.
task achievement
Ensure that your essay includes an equal discussion of both viewpoints and your own opinion. Present clear and developed arguments for each. You have managed to discuss both sides, but the development of arguments, particularly for the command economy, was limited.
task achievement
Provide specific examples and explanations to support your main points. While you included examples, more detailed analysis and support would make the arguments stronger.
task achievement
In all parts of the essay, aim for clear, comprehensive ideas, and avoid generalized statements. Each argument should be thoughtfully presented with a clear purpose within the essay's overall argument.

Fully explain your ideas

To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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Topic Vocabulary:
  • market failures
  • efficient resource allocation
  • anti-monopoly laws
  • bureaucratic red tape
  • public goods and services
  • economic self-regulation
  • market mechanisms
  • consumer demands
  • economic crisis
  • bailout packages
  • invisible hand
  • supply and demand
  • self-correct
  • innovation
  • entrepreneurship
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