Econ #1 Note - Econ#1 Most Asian countries are exponentially growing in their economies Most European countries are stagnant or shrinking ECONOMIC

Econ #1 Note - Econ#1 Most Asian countries are...

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Econ #1 Most Asian countries are exponentially growing in their economies Most European countries are stagnant or shrinking ECONOMIC SYSTEMS Conservative Right: People take care of themselves, if you are smart and work hard you should thrive and make money. You should be allowed to keep all your money!! Earn it for yourself!!!! o Government: Keep the gov out of the economy! Keep the economy out of business and corporations etc. Trickle-down economics believer. As soon as politics regulate business and giving out free handouts, the economy is screwed!!! Believer in wealth accumulation. 1. Gov should not be involved in economy activities 2. Gov should minimize regulation and taxation 3. Gov should provide minimum social benefits Liberal Left: Free up economic power for everyone to share, for more equitable distribution of wealth for everyone. Economically equal for all. o Government: Directly involved in regulating the wealth or controlling wealth to benefit its citizens in a variety of ways. Ew! Capitalism!!! Government should be
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