Measuring The Success of An Economic System

By | April 22, 2015

To me I think that we should measure the success of an economic system by how low the poverty rates are, how low unemployment rates are and how high production levels are. By using these measurements it is a more realistic view on how the economy is shaping out to be. If we can accomplish low amounts of unemployed people than I believe that the poverty rate will decrease which would lead to a higher level of demand resulting in even more jobs. Its a never ending cycle of improving the economic successes in the world. We just need to figure out how to start the first step in the chain reaction….

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