Question

Please interview 3 individuals: a business owner, a co-worker (or just someone with a job), and a student. Get their perspective on the economy, the impact of several mega hurricanes and earthquakes on the US, Mexico and the Caribbean. Assume you're president or prime minister of your country, what programs would you implement to stimulate economic growth?

Answer 1

The United States exhibits a mixed system characterized by the private ownership of some resources and the public ownerships of other resources. The government is directly involved in almost one-third of all the economic activities occurring in the nation.

The command elements in the system allow government at all levels in the United States to regulate the private sector. Federal government has been regulating the workplace, ensuring the safety and environmental quality, alongwith complete competitive fairness in many activities. Local governments at their level, regulate economic activates of their jurisdiction.

Market elements in the United States permit the private sector to determine the prices of their product. Private property rights ensure that profitable business opportunities are available. Traces of capitalism and command system can, thus, be easily seen. As for the traditional elements, some occupation in the United States including the occupations in cosmetic industry are women-dominated and some other occupations are men-dominated.