Matthew Rushing
This week in economics we learned about businesses and many things concerning the governments involvement in economy. First we learned about different business types and looked at the pros and cons of different business setups. Then we went on to learn about public vs. private goods where we learned that goods that if all the benefit comes from the consumer and the producer bears all the cost then it is a private good, and then we learned that if people who don't cover the cost of a product that they benefit from then it is a public good. We also learned that if there is a public good that we have deemed necessary or very helpful then the company may get a subsidy. I disagree with most of our government subsidies because they all tend to be given to the companies that have good lawyers not the companies that actually need subsidies to survive.
The video about giving subsidies to farmers we watched was interesting because of all the loopholes a good lawyer can find. Some people were just paid to not even farm at all. That is pretty unfair to hardworking people.
ReplyDeleteI agree. It is unfair. Subsidies should be given to people who need them, not people who make say one million dollars in each of their farms. There are too many ways to get around the restrictions.
ReplyDeletetrue. it is ridiculous that the government gives money to rich companies who don't need it.
ReplyDelete