Wednesday, February 13, 2013

Markets

Personally, I support our economic system in the United States. This is mostly because in a market economy, people and companys are able to act in terms of their own best interest thus creating an overall happier and independent society. Also, all members of a community are involved in this kind of economy because there are different roles for everyone, creating a stable and continuous lifestyle. To add on to the first idea in this post, a market economy allows citizens to feel like they have control over their lives and their decisions. Lastly, in America, our economy is able to adjust to change at a rapid rate, which is a plus because our economic status is constantly changing. However, on a more negative side, because of this constant change, workers and businesses often are faced with uncertainty. Overall a market economy system is very positive but unfortunately has a few downsides.

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