For more course tutorials
visit
|
Role of Government-Discussion 2
|
Economics is the study of how society chooses to allocate
its scarce productive resources (labor, capital, land, entrepreneurial
talent).
In a mixed economy, elements of both central planning and
market allocation of resources are used in allocating productive
resources. The United States economy is a mixed economy, with a bias
towards market allocation of resources. This means most resources are
allocated in the private sector by way of markets.
Discuss whether you favor a larger or smaller role of
government in the economy. Refer to concepts found in the reading to
support your opinion.
Reference: Chapter 2: Markets,
Governments, and Nations: The Organization of Economic Activity
No comments:
Post a Comment