US Government
US Government
US Government
Economical systems and political governments are NOT the same. They
are often confused with one another, however, which is because they
frequently go hand in hand, or develop next to one another.
Capitalism relies on the people being sustained by the government and the
market. The market delivers private goods (tools, clothing, edibles,
housing) while the government takes care of public goods (education,
national security).
Institutions like fire departments, police departments and schools are also
provided by the government and free of charge, though schools can also
be private, in which case they charge a fee for their services, called a
tuition.
The common goods, such as fish products or clean drinking water, are
protected by the government.
However, this all means nothing without proper management. This is why
people elect their representatives to the Congress, state legislatures and
city councils. These bodies make laws to govern their respective
jurisdictions and raise money through taxing. Budgets are set to determine
the way revenue's gonna be spent on matters.
Local level funds are spent on education, police and fire departments and
the maintenance of public property. National level funds are spent on
veteran pensions, military equipment and salaries, social security, federal
courts and prisons' maintenance and the management of national wildlife
reserves.
Local, state and national governments also make laws to ensure order and
efficient functioning of society. One way to do this is ensuring the fair
operation of business marketplace. The governments make sure the goods
provided by the market are of acceptable quality, healthy and safe to use.
This way, companies have to meet certain standards, and capitalism is
regulated.