But exceptions (china)
4 Groups In US economy
1. Consumers- maximizes utility with goods and services
2. Producers- mazimizes profits through sales of goods and services
3. Government- promotes safety/welfare of public
4. Foreign sector- provides products and external markets for US goods and services
Socializing Costs and Privatizing Benefits
-spreads cost of running business over more people (involving others)
Ex... displayed 300 characters
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But exceptions (china)
4 Groups In US economy
1. Consumers- maximizes utility with goods and services
2. Producers- mazimizes profits through sales of goods and services
3. Government- promotes safety/welfare of public
4. Foreign sector- provides products and external markets for US goods and services
Socializing Costs and Privatizing Benefits
-spreads cost of running business over more people (involving others)
Ex... displayed 300 characters
