Eonomic Growth

Essay specific features

 

Issue:

Social Issues

 

Written by:

Janet F

 

Date added:

January 25, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 589

 

Was viewed:

3897 times

 

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Essay content:

It is important to emphasize that the U.S. government guarantees individual freedom and self-expression; furthermore, people pursing their own economic self-interest best serves the overall welfare of a society. In a representative democracy, there are nine safeguards preserved into law that guarantee elected representatives are held accountable: freedom of expression, opinion, and organization; free media; regular elections in which all eligible voters can participate; universal adult suffrage; limited terms for politicians; fair judicial system (separate from political system); nonpolitical state bureaucracy; nonpolitical police force and armed service; and relatively free access to state information...
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A market economy's supply and demand determines the quantity in which goods and services are produced. The role of the nation's government must be to encourage competition between private producers. The government can do so by ensuring private ownership, outlawing monopolies, and regulating business practices (antitrust laws)...
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