What are the main goals of a country when it comes to economics? If you can, specifies your answer, please.
@SchoolSlacker @mahmit2012
what means it comes?means start to expand or increase ?
like what are the goals to keep the GDP on a good track and preventing an economic recession.
I guess the main goal depends on the country. in a socialist country and free economy country we have two different aim to keep GDP. In witch countries would you prefer to know?
Free economy :-)
Max profit and minimum cost or sometimes depends to state max revenue
but in socialist countries max products
How do they find the max profit without entering a recession where the GDP will fall? It should depend on the demand I guess. But what how does the state fix this?
I'm sorry, but I'm a natural science person, so I'm not aware on how most of the social science things work hehe.
I studied economic but it was not my major so if you are looking for an advanced person i guess i am not your goal!!
in the USA demands coverage with advertising.
I see, I just need some hints so that I can try and work it around in my mind :-) One of the main goals should be to keep the unemployment low, obviously. How does the state manage to keep it low, or at least try. By lowering the taxes and increasing the infrastructure? Then the GDP would increase as well.
sometimes extra employment can cause low profit for producers and Capitalist so they prefer to fired some stuffs till keep them.
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