Writea 700- to 1,400-word paper summarizing the results. Considerthe following examples of economic

Feb 3rd, 2012
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Writea 700- to 1,400-word paper summarizing the results. Considerthe following examples of economic activities: • Purchasing of groceries • Massive layoff of employees • Decrease in taxes Describehow each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities

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Writea 700- to 1,400-word paper summarizing the results.Considerthe following examples of economic activities:Purchasing of groceriesMassive layoff of employeesDecrease in taxesDescribehow each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.Economic ActivitiesInstitution Affiliation:Date:Most of economic activities have different effects on government, households and businesses. The three are the key entities in the economy and each and every move made will have either direct or indirect impact on the three economic entities. Government is in most cases affect since what affect of the three entities of economy extends some effects to the government. In this paper we are going to evaluate how the three entities are affected by three economic activities namely: purchase of consumer goods, massive employee retrenchment and decrease in tax. Purchase of groceries, a consumer good, has an impact on the government since ability of the people to purchase from a grocery store basically depends on the economic status of the country. For example, a country facing inflation will have some impact on the ability of its people to pay. Purchase of groceries will also have some impacts on households. This is because many people have enough to make purchases when the country's economy is running normally. However, when the

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