BUKU JAWABAN TUGAS MATA

KULIAH TUGAS 3

Nama Mahasiswa : Sara Semar

Nomor Induk Mahasiswa/ NIM : 043647655

Kode/Nama Mata Kuliah : ADBI4201/Bahasa Inggris Niaga

Kode/Nama UPBJJ : 50/Samarinda

Masa Ujian : 2020/21.2 (2022.1)

KEMENTERIAN PENDIDIKAN DAN KEBUDAYAAN

UNIVERSITAS TERBUKA
 ADBI4201-1

JAWABAN TUGAS MATA KULIAH

UNIVERSITAS TERBUKA
SEMESTER: 2021/22.2 (2022.1)

Fakultas : FHISIP/Fakultas Hukum, Ilmu Sosial dan Ilmu Politik

Kode/Nama MK : ADBI4201/Bahasa Inggris Niaga
Tugas :3
Nama/NIM : Sara Semar/043647655

No. Soal
1. Untuk TUGAS 3 ini anda akan diberikan pilihan topik untuk membuat sebuah essay dengan
panduan sbb:

1. Buatlah essay dengan paling tidak 3 paragaph (1 buah paragraph awal, 1 buah paragraph isi dan 1 buah
paragraph penutup).
2. Tulislah jawaban anda pada rentang antara 150-200 kata.
3. Jawaban essay diketik dan dikirimkan ke Forum Tugas dalam bentuk Word.

Pilihlah salah satu topik berikut:

A. If the idea like Marshall Plan is implemented in many poor African countries, this world would
be a better place.
Do you agree or disagree to the statement?
B. The principles of Laissez-Faire are not valid anymore in this present time.
Do you agree or disagree to the statement?

JAWABAN:

Saya memilih untuk menjawab topik B (The principles of Laissez-Faire are not valid anymore in
this present time)

I agree that the principles of Laissez-Faire are not valid anymore in this present time. Here’s why:

Laissez-faire is a political ideological concept that rejects the practice of government intervention in
the economy. This term, in French, means "leave us alone". The reason for the rejection is because
the state is seen as an obstacle to economic growth and development. Market mechanisms work to
determine the most efficient allocation of resources. Price becomes a signal for supply and demand
in the market. Changes in supply and demand will ultimately lead to equilibrium (the meeting point
of supply and demand), the point at which social benefits are maximum. Such equilibrium will not
be achieved if the government intervenes.

Adam Smith The Wealth of Nations (1776) describes the economy of laissez-faire in the concept of
"invisible hand". A market that is free from government intervention will provide the maximum
benefit for all. This concept gained momentum in the 19th century. Industrial growth in Britain and
America in the late 19th century took place in a laissez-faire capitalist environment. However, the
laissez-faire period ended at the beginning of the 20th century. This is marked by the emergence of a
number of government regulations related to business, such as anti-competition regulations.

Market mechanisms work to determine the most efficient allocation of resources. Price becomes a
signal for supply and demand in the market. Changes in supply and demand will eventually lead to
equilibrium, the point at which social benefits are maximum. Such equilibrium will not be achieved if
the government intervenes. The government's job is only to ensure that the market system and
mechanism works. That is, for example, through enforcing property ownership. Income or wealth
distribution policies should not exist because individuals work hard to produce what is best for them.
Likewise, intervention through competition regulations will only undermine the work of the market
mechanism. Intervention, whether through price control, protectionism, or anti-competition, benefits
one party and harms the other. As a result, market output will not provide the maximum social
benefit.

Sumber: BMP ADBI4201edisi 1