Sunday, April 13, 2008
shocking fact of US
After watching this video, I can’t help but wonder how US can generate such a high economic output. Well, the video tells us: one of the reasons is its free-market economy.
Free-market economy=laissez faire=market economy. It is the system that is free from intervention of the government. The link below explains how market economy works for US:
http://www.economywatch.com/market-economy/us-market-economy.html
But is market economy the best system for a country? I couldn’t find the answer yet. Somehow I think government’s intervention is needed sometimes to regulate production/ balance resources^_^.
shuang^_^
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