The Economic Problems Of The United States Economy Essay

2002 WordsOct 4, 20169 Pages
Introduction "Economics is the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses"(“Supplementary sources for college economics,” n.d.). It is all about making choices. The United States economy has experienced many ups and downs in its journey with decision making and realizing its economic power. In 1865, when the civil war ended the United States’ economy experienced extreme development as a result of urbanization and industrialization. It is apparent that the United States’ economy boarded a difficult journey to ultimately achieve the power it has today (“Industrialization, Urbanization, and Immigration, n.d.). This essay is going to take an in-depth look at the seven course objectives which include, the basic economic problems that face the American Society, how businesses make economic decisions, ways people invest money to save for the future, how economic policy affects the individual state, nation, and world, define concepts of macro and microeconomics and how theories relate to current economic issues, explain the economic theories and how they apply to the global economy, and lastly how they enhance managerial decision-making processes and abilities. The Economic Problems That Face the American Society All societies for one reason or another face economic problem. The economic problem exists because the needs and wants of people are essentially endless; however the resources available to satisfy
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