Economics and Founding outline (pt. 2)

Economics and Founding outline (pt. 2) - A. Supply money B....

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Economics and the Founding II I. Competition C. Equilibrium price D. Profit and loss as economic signal II. The impact of supply and demand on labor in early America A. Demand: “Land cheap, labor dear” B. Indentured servitude vs slavery III. Role of government in a market economy
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Unformatted text preview: A. Supply money B. Improve transportation C. Prevent fraud D. Resolve conflicts (courts) E. Define property rights F. Provide environment that encourages exchange, innovation IV. Ongoing tension between govt. regulation and free trade...
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This note was uploaded on 07/14/2011 for the course AM ST 101 taught by Professor Smith during the Fall '04 term at BYU.

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