Question
could you please put this into an essay: Thesis: A country should prioritize increasing production if it wants to improve the standard of living and
could you please put this into an essay:
Thesis: A country should prioritize increasing production if it wants to improve the standard of living and general well-being of its people, and consequently full employment will naturally follow from this strategy.
- The historical predisposition for maximizing production efficiency serves as an illustration of the economic goal of prioritizing production over employment.
- Throughout history, nations that instilled effective production techniques, for example the creation of labor-reducing technology such as transportation infrastructure, saw increased wealth and raised certain living conditions of
citizens.
B. The distortion of economic objectives, when full employment is prioritized over output, can have negative effects, as evidenced by artificially created jobs.
- Busy-work (meaning jobs that are just there to keep someone busy, but don't really have much value in themselves) practices frequently result from employment focused programs, like for example in the case of the Works Progress Administration (WPA), which disrupt production efficiency and obstruct broader economic growth.
C. The ability of a nation to create goods and services more sustainably and effectively, which eventually raises living standards and improves societal well-being overall, is the true test of its economic progress.
- Creating the conditions for a more stable future is more than achievable if the focus can be moved away from just increasing the production capacity, but more centered around handling distribution issues.
Help your reader see how he or she, regardless of his or her particular occupation, can benefit from free market economic policies in the topic area, can turn knowledge of this topic to his/ her advantage. Use 2-4 main points illustrating the benefits to be gained by a change in economic thinking and action in the area discussed.
this is from the book economics in one lesson. the chapter is called Chapter 10: The Fetish of Full Employment
also it must be pretty long.
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