August 26, 2012
Monopoly in Economics
About five years ago the United States began to fall within an economic range that would be considered a "recession." Inflation rose from 2.6% in the previous year to 4.1% in 2007. This month, August 2012, inflation is 1.3. Unemployment was at 5% at the end of 2007, and is currently at 8.3%. Interest rates were 4.8 December 2007 but are 2% now. Though we as a country are slowly recovering, we still are far behind where we stood before the tragic year of 2007.
In order to combat the lingering problem with unemployment, the government must have the incentive to give to create job opportunities. The United States Citizens need jobs so that they can in return spend that money which will go back into the economy for the better. That's where the government comes in. One way they could help is by letting small business owners open their business without putting a lot of new laws out every other day. Also in making more opportunities would be to continue letting small business owners have low-start up fees, in addition to being easy to begin, the proprietorship is generally the least expensive and legal papers do not need to be created to start up the business, therefore you can put those extra funds towards payroll for new employees you are most likely to have working for you. Another way would be to get the corporate businesses to start a donation cite to put money back in the community to help build businesses. Getting these companies to team up with organizations such as Opportunity Finance Network to create and sustain jobs. Community Development Financial Institutions provides financing to undeserved community businesses which include small business loans, community center financing, housing project financing, and microfinance. These are some very likely proposes that the government can imply to people in making them spend more money to create...