Overview of the American Economy

2360 Words Jan 8th, 2018 9 Pages
This is because there are conflicting views about their responsibilities in these areas. As they are one component, that will have an impact on growth and the ability of private enterprises to expand. Yet, limiting their amounts of influence has always been a critical factor with many firms claiming that they can overregulate different areas. (Langran, 2007, pp. 4 10) ("Over Regulated in America," 2012) This is from the government's responsibilities having ripple effects on the economy. According to Langran (2007), they are playing a significant part in determining the overall amounts of economic expansion or contraction that are taking place (based upon the policies that are enacted). This is because there are several different areas that are focused on in addressing the needs of the general public. Over the course of time, this has resulted in the government playing a significant role during the process. (Langran, 2007, pp. 4 10) ("Over Regulated in America," 2012)
As a result, there are many ways that governments will have an effect on economic activity to include: public finance, regulations, they are the single largest employer and a major provider of credit / debt related instruments. The combination of these factors is showing how the government will play a role that is important. Yet, they must be able to keep…