ASSIGNMENT
Analyze problem in the "Problems to Ponder" section. Be as specific as possible.
Problem
An economist said, "Since the consumer is sovereign, and consumption is the end purpose of all production, therefore the economy is consumer driven, and we must do all we can to stimulate consumption. Production will then follow." Are there any flaws in this economist's logic? Which should government promote first-consumption or production? Or neither?
Criteria: Prepare a 1-2 page paper. Your paper should also reflect scholarly writing and current APA standards. Please include citations to support your ideas.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.