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21st Century Economic issues

Economic Issues for the 21st Century

We all have several questions. Do I have a future of prosperity?

Will I be able to afford a home of my own?

Will my children or I live as well or better that my parents?

These are but a few of the questions we all ask ourselves daily. The answers to these depend on how well the United States economy faces the challenge's of providing jobs, increasing income, and solving the multitude of social problems that we are faced on a daily basis, problems like poverty, soaring medical costs, and the decay of our environment. We could talk for days on the "problems that face us and our economy. However I would like to focus on what I think is the top 10.

1. How should we use our resources and capabilities?

What should we produce, and how should we produce it? This is one of the all time favorite questions and probably one of the most fundamental in all of economics. Why? Because much of economics deals with understanding how people choose to use their resources and analyses the consequences of their choices.

2. Will the standards of living in the United States continue to improve?


6. How will changes abroad, especially the movement away from communism toward free markets in Eastern Europe and the former Soviet Union, affect the U.S. economy?

7. What measures should be taken to improve environmental quality?

To meet and exceed the challenge on increasingly competitive markets, the United States economy will have to keep on the cutting edge of technological advances and ensure growth in output per worker, this in turn will keep production costs down. It will take investments in plants and equipment to assure that the U. S. industries and adequately compete in the ever-expanding global economy of the 21st century.



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Approximate Word count = 1589
Approximate Pages = 6 (250 words per page double spaced)


  

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