Question by nwofu: How could some of these things make a change in a good way in our economic system in the U.S?
The ultimate driver of all economies, internalizing the external costs, using economics/laws/regulations to increase environmental quality, full cost pricing, trading pollution, green taxes, user fees, and earth-sustaining economies.
Answer by warnick69
I ON,T THINK THERE IS A SIMPLE ANSWER TO YOUR QUESTION AS THEY HVE YET TO BE WORDED OUT —
Pure free-market economies don’t exist because they have flaws that require government intervention in the marketplace. This can prevent a single seller or buyer (monopoly) or a single group of sellers or buyers (oligopoly or cartel) from dominating the market and thus controlling supply or demand and price. Governments intervene in economies to…. ·provide national security, education, and public goods ·help redistribute some income and wealth ·protect people from fraud, trespass, theft, and bodily harm ·protect the health and safety of workers and consumers ·help ensure economic stability Pure command economies don’t exist either. Countries in Eastern Europe, the former Soviet Union, and China have moved away from command economic systems and toward market-based approaches.Economic Growth and External Costs How is economic growth measured? Economic growth- an increase in the capacity of the economy to provide goods and services for people’s final use. Such growth is usually accomplished by maximizing the flow of matter and energy resources (throughout) by means of population growth (more consumers), more consumption per person, or both
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