1. Economic
... make it work you need to some how create an additional demand for consumer goods that doesn't take away from any other consumer goods. A net increase in the demand for consumer goods means additional revenues, funds, and sales flowing into those consumer goods firms; then these firms could turn around ... in position to compete away the labor, equipment, and other resources away from the firms that are adding capacity. Well how can you generate a net increase in the demand for consumer goods out of what? Hazlitt states this is what happens when government increases spending out of new mo...
- Word Count: 7852
- Approx Pages: 31
- Has Bibliography
- Grade Level: High School