Economic System
Spending by the consumer sector is the driving force in the US economic system. Although the business and government sectors make a considerable contribution to the success of the economy, it is the spending by the consumer or household sector of the economy that determines prosperity or recession in the economy.
• Do you agree or disagree with this argument?
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• Why or why not?
• How has the spending behavior of the government sector changed over the past decade, and what effect had these changes had on the economy?
• Justify your answers. For more information on Economic System check on this: https://en.wikipedia.org/wiki/Economic_system
