Self interest or the social interest

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Reference no: EM13157930

In May 2009, 345,000 U.S. jobs disappeared, fewer than the 504,000 jobs that disappeared in April. The jobs lost in May were spread across the economy: in manufacturing, construction, retail, and professional services. But 9.1 million part time workers said that there are working part-time jobs because they could not find full time work or their employers had shortened their hours. Source: CNN Money, June 5,2009.

Describe the change in May 2009 in What and For whom goods and services were produced in the United States. Is the decision to work part time a decision made in the self interest or the social interest? Is an employers decision to shorten work hours a decision made in self interest or social interest?

Reference no: EM13157930

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