what is the advantages and disadvantages of minimal state?
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A boost to economic growth is another potential advantage of increasing the minimum wage, as consumer spending typically increases with increases in wages. A higher minimum wage would put more discretionary dollars in the pockets of millions of workers, money that would then flow to retailers and other businesses.
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The advantages and disadvantages of minimal state are as follows:
Explanation:
- A minimal state is a term used to define a state run by the minimal most use of political powers.
- It has just enough government intervention to sustain its organized economic activities.
- A minimal state is a form of libertarianism.
- Among its advantages are a consideration of people's rights.
- The citizens enjoy self-ownership.
- They have the right to acquire property.
- The citizens can use force, if necessary, when their rights are violated.
- The state ensures protection to everyone in its territory.
- Among its disadvantages, the freedom and the awareness of their rights could lead the people to take part in liberal anarchy.
- There will be a monopoly in the economy.
- This in turn would ensure an unstable competition among the businesses present in the state.
- The question remains as to what form of government is required for a minimal state.
- And, finally, the politicians might misuse the power given to them in the minimal state.
- These are the advantages and disadvantages of minimal state.
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