Blog Post for 1/21-22 - A Block Day!!

Good Morning and Happy Block Day!!  Today (seeing as it is a block day) we are going to continue with our study of Economics.  Topics today will include learning about the different types of Economic Systems, What - How and For Whom things should be produced, the limited role of government and the characteristics of that!

For your blog today, please consider the following.  In 1776, the economist Adam Smith described an ideal economic system in which government had a very small part in a nation's economic activity.  This system was called capitalism, another name for the market system we operate in.  Today, however, government's role has increased in the American capitalist system.  Explain 3 reasons (in general) you believe government's role has increased in our society today?

Thanks!  After completing your blog, please visit http://goo.gl/SSVR5c where you will find the assignment for today based on the reading from Chapter 2, Sections 1 & 2.  This can be found on pages 32-46.