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Ways to Acheive Economic Prosperity
The economic cycle can be easily compared to a roller-coaster ride. The unpredictable behavior of the ride is emulated by the volatile nature of the economic markets. However, there are many ways in which to make our economy prosper as demonstrated by economist David Crane: improved education, environmental stability, globalization, development of innovation within our industries, and refined government spending.
Crane states that the economic future of our country lies within the education of our children. This is quite true, as our children will eventually grow into the workforce of the future. For example children without proper education, will leave school and enter the workplace without the skills and abilities to compete, and will consequently soon become unemployed and add nothing to the economy while relying on many government benefits like unemployment insurance. However, if this child is allowed to develop to their full potential – such as going through all of high school to continue a post-secondary education – they will gain the knowledge and abilities needed to succeed in their future careers. As better workers they may add to and benefit the business, causing increased production and revenue. These incr
Approximate Word count = 1286
Approximate Pages = 5 (250 words per page double spaced)
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