government, business and households.docx

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Running Head: GOVERNMENT, BUSINESS AND HOUSEHOLD 1 Name: Course: Instructor: Date:
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GOVERNMENT, BUSINESS AND HOUSEHOLD 2 United States has an economy that can be categorized into three levels or rather stages. They include the households, the government, and the business. The households provide the labor force in the production of services and goods. The business is responsible for providing products and services to the households. Then lastly, the government is the one responsible for the creation of rules and regulation to enhance a healthy relationship between the households and the business (Booth. 2004, p. 128). Also, the government collects money in the form of taxes which is used in the provision of education, defense, and roads to the households and the business. The aspect of purchasing of groceries is a crucial activity, and it affects the economy of the United States as it affects the three categories. The business is the one responsible for the type of groceries to be produced. The quantity of the groceries to be delivered is highly determined by the household’s preferences and likes since the business cannot provide goods and services which are not in the demand of the households. If the businesses produces these products which are in the grocery store and which are
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