[경제]The Government’s Role: The Visible Hand
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- 2006.03.17
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- 2006.01
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보이지 않는손과 보이는 손에 대한 언급 등에 관련 시장경제에서 정부 역할에 관련 한 영문 엣세이입니다.
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본문내용
What is the market? Before I took Microeconomics class, I thought it is the real place where we sell and buy products. In the economic point of view, the market means any place where a potential exchange could take place between the sellers of a good or service and buyers of that good or service. In the Microeconomics class, Professor John Bouman at Howard Community College explained that the market structures could be classified as pure competition, monopolistic competition, oligopoly, and pure monopoly. These forms are divided according to the number of suppliers, quality of products and etc. Market price and quantity are determined by the properties of each market. Theoretically, the market is thought to be ideal when it is free competition. However, in reality, pure competition market brings about market failures such as unemployment, inflation, and monopoly. It is very hard for us to solve these disadvantages in perfect competition without any mediation. So, the government is required to intervene in the market.
참고 자료
Bouman, John. “Power point handouts: Unit 8.” 7 February 2005. 10 Jan. 2006.
<http://webct.howardcc.edu:8900>
Hoagland, Jim. “Ignoring the Invisible Hand.” 27 February 2005. Washingtonpost. 20 Jan. 2006. <http://www.washingtonpost.com/wp-dyn/articles/A54742-2005Feb25.html>
“Economic Policy.” 23 Dec. 2005. Wikipedia. 18 Jan. 2006.
<http://en.wikipedia.org/wiki/Economic_policy>
Kim, DaeSik. The Principles of Modern Economics. 4th ed. Seoul: Parkyoungsa, 2003.
"LIQUIDATION OF GOVT NOT THE SOLUTION." 20 Jan. 2006
<http://www.zambia.co.zm/articles/liquidationdebate2.html>.