Free Enterprise
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1. In reading "Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise" a plan to help the working poor speaks about different options.
What are some market incentives that includes one of the ten principles of economics that works welfare programs? Is the Phelps' plan an improvement over current government policies?
2. How is this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production as well as the impact on interest rates this may pose?
3 . What are economist opinions are there any arguments for trade restrictions that most economists would support?
4. Who was responsible for the global financial crisis of 2007-2009? Was. It considered to be Free-Market capitalism, government intervention, or a combination of both? What were the major causes as well as the solutions that help recovery? What system implementation was attempted to prevent any recurrence?
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The response addresses the query posted in 593 words with APA References
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The response addresses the query posted in 593 words with APA References
//In the premise of the business world principles of economics apply in different contexts. In this context, in the following discussion we are exploring the way into which capital investment is transformed into fixed capital goods, technology and cost reduction with the implication of new methods of production.//
The standard of living is one of the most important market incentives that works for the welfare programs as it can be taken to be the base for introducing the welfare programs in an economy (Taylor & Mankiw, 2006). For example, the economies, where the standard of living of people is low, need more welfare programs than the economies, where the standard of living of people is high. In regards to Phelp's plan, this plan is solely concentrated on the social improvements and, therefore, can be said to be an improvement over the government policies, which consider other aspects also.
The investment capital, when put ...
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- BBA, University of Rajasthan
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