se products are usually of high quality, and since the consumers have the right to purchase whatever they can afford, businesses compete to get the most consumer interest.Because of the intensive government involvement in the former USSR's economy, competition did not occur between any corporations. Since all businesses were publicly owned and the governing body decided what was to be produced, corporations had no opportunity to strive to make the "better product" or attract consumer interest. This resulted in poorly - made products. The government did not have to compete with anyone else to get the citizens' business, so products had to be accepted by the people as they were. There was nothing else offered to them. With this system, poorly - made products, and with the large amount of government involvement in the economy, competition did not exist.In an economic system where corporations are privately owned, competition occurs, and profits are a result of the success of the individual business, rewards provide the incentive for people work to their maximum potential. This is very different from a system that has extensive amounts of government involvement because in a communist society, everyone is given the bare minimum. No matter how hard someone may work in a communist society, they will receive the same reward each time. In a capitalist society, however, people have to work harder to gain more, so the individual rewards act as an incentive to increase productivity. With little government involvement in an economy, not only do the consumers have the freedom to make individual choices, but the corporations do too.After examining the effects of various amounts of government involvement in an economy, it was apparent that little state control produces the most beneficial results for any nation. For instance, it was the United States that had little government intervention in the economy, and it was also the nation that successfully ov...
