Wednesday, September 9, 2020
How The Economic Machine Works
It is helpful to understand on at least a rudimentary level how the economy works. Each of us must find our place within the economic system. That place should be defined by our natural skills and abilities. Sometimes we have other factors that skew that development from racism/bigotry all the way over to family structure. Developing capitalism rests in many ways on how we use labor and in turn the development of full human potential. Thus, there is a larger economic cycle and system at play where factors such as labor development, investment, resources, etc... connect and interact with each other to develop a perpetual moving system that allocates and uses resources during its change cycle.Understanding the system allows us to create greater fiscal policies.