Play important roles in maintaining a desired economic

Reference no: EM13258324

Most economists believe the forms of economy and businesses we have created are in place to help society achieve security, obtain stable jobs, acquire basic needs, and increase people’s standard of living. But, where economic thinking differs is in how this can best be achieved. Economists often discuss two ways of thinking about the economy –

1) Laissez-faire doctrine (opposes government intervention into the economy beyond a minimum) and

2) Keynesian economics (the government and private businesses both play important roles in maintaining a desired economic system). Which economic viewpoint do you favor, Laissez-faire or Keynesian? Please explain with an example.

Reference no: EM13258324

Questions Cloud

Compute the possible price : The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his endingcapital. Compute this amount. Under these condition..

How many water molecules : Let's say Julius Casar urinated in the Mediterranean Sea 2,000 years ago. Assuming that the oceans and the rest of the hydrosphere have been completely mixed over the last 2000 years, approximately how many water molecules from that historic urina..

What is the orbital radius of the asteroid belt : The asteroid belt circles the sun between the orbits of Mars and Jupiter. What is the orbital radius and speed of the asteroid belt

How would it capitalize the borrowing cost : Aftab Company limited realized itself as a social responsible company and decided to construct an employees housing society. How would it capitalize the borrowing cost?

Play important roles in maintaining a desired economic : Most economists believe the forms of economy and businesses we have created are in place to help society achieve security, obtain stable jobs, acquire basic needs, and increase people’s standard of living.

Calculate the number of people : Calculate the number of people who would have to stop driving altogether in order to offset the amount of oil production expected from the Arctic Wildlife Refuge Assumptions.

Units-of-activity method in depreciating : Blue Highway Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2007,at a cost of $120,000. Over its 4-year useful life, the bus is expected to be driven 160,000 miles.

What is your favorite type of food : What is your favorite type of food, where is your favorite place to eat? Why and what experience makes this dish special? Explain in detail.

What is the rate at which thermal energy is appearing : A coil with an inductance of 16.8 H and a resistance of 5.5 ? is suddenly connected to a resistanceless battery with an ? = 194.0 V. What is the rate at which thermal energy is appearing

User Account

All Pages