Fundamentals Of Macroeconomics Essay

805 words - 4 pages

Fundamentals of Macroeconomics

Fundamentals of Macroeconomics
Everyday decisions impact the economy and its potential growth. These decisions affect everyone including the government, homeowners, and businesses. Analyzing the effects of these decisions allow economists to predict trends and make better decisions to improve the economy. Purchasing groceries, business layoffs, and decreasing taxes are a few examples of economic activities that affect the government, homeowners, and businesses.
Massive Layoff of Employees
As globalization becomes a common solution for U.S. companies; outsourcing is an option for cheaper labor rates and better margins. The skills of many loyal workers are ...view middle of the document...

With the increase in families using SNAP, businesses had to adjust their systems to accept the EBT cards now associated with the program. With the majority of businesses now accepting the EBT cards, the low-income families can now buy food in almost any store. When homeowners are experiencing financial hardships, they are more aware of their spending habits. Deals and specials at the grocery stores are a way for businesses to attract more customers. The businesses need to stay competitive with their pricing to thrive in times of economic challenges.
Decrease in Taxes
In times of economic struggle, the government offers citizens a tax break in hopes of boosting the economy. “A tax break provides a savings through tax deductions, tax credits, tax exemptions and other incentives” ("Tax Break," 2015). The housing market was at a low in 2012. This low had an impact on current homeowners as well as future homeowners. When rates and property values drop, it makes it impossible for homeowners to invest in new property. If a home is purchased at the height of the market, the values decrease when there is a dip in the market value of a property. In these cases, the homeowner can owe more money on a property than it is worth. In these times, the market is stagnant. This dip puts a strain not only on real-estate businesses, but also construction businesses. Homeowners invest money into their property to increase the value. When property values are low homeowners...

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