This preview shows page 1. Sign up to view the full content.
Unformatted text preview: and health care benefits, and free benefits in general. But there is also a big weakness in this economic system named erodes economic incentives. People tend not to work hard because they will receive everything for free, so they thing that they do not need to find a job. This kind of thinking is not really good because a person really needs to be motivated in able to make living. Because of these two economic systems have some weaknesses, there is also another economic system named a mixed economy; it is a mixed part of capitalist and sot. In this chapter, I also have learned about fiscal policy. So, if recession occurs, the government needs to decrease the taxes and increase the spending. Knowing this policy is good because if I read the magazine, I can now understand what the government needs to do when recession occurs....
View Full Document
- Winter '10