Reflection Paper on the Economic Roles in the United States
In the subject matter of economics, there are several types of roles that the United States government can assume for the U.S. economy. Those roles are: Economic Liberalism, Government Intervention, and Deregulation/ Privatization. To decide which role is most appropriate when talking about American economics, we must first define each of them.
Economic Liberalism is an economic theory, in which freedom of action for the individual and the firm is promoted through several principles: self-interest, free trade, laissez-faire, private property, and competition.…
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