Determine the appropriate mix between consumption and saving

Reference no: EM13231507

the production possibility frontier model showed the tradeoff between current consumption and capital goods. Explain the role of saving in this model and how increased saving will lead to greater economic growth in the future. When answering the question explain how a "market economy" versus a "command economy" would determine the appropriate mix between consumption and saving and how in a "mixed economy" the government could influence the outcome. This can be viewed either from the macro economy or individually (micro).

consider this topic and converse with your fellow classmates about choice, opportunity cost, and comparative advantage with regards to personal brand in social networking sites and/or associations you might belong to. Include some ideas about what you can do right now to improve and develop your own personal brand.

Reference no: EM13231507

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