Topic of the Day=The Million Dollar Question

Today's question/ topic was: What do you think consumers, businesses, government, and the world should do to make the economy better?

Here is what we came up with:

Consumers
1. Consumers should try new products that are reasonable and have been researched. They should also be approved by the government if a big investment or they can buy new products that do not cost a lot of money and are small risks which help businesses but does not hurt your pocketbook.

2. Think positively and keep spending if possible. Economies do better when people spend money more than save.

3. Invest money in companies.

Businesses
1. Make durable yet low cost products

2. Employ as many people as possible to your benefit

3. Be innovative

4. Have good marketing techniques

5. Be loyal to customers and welcome new by being informative

6. Target young people and also stay in contact with other age ranges...also on specific age range products you should target and promote to them

Government
1. Encourage spending by consumers

2. Encourage companies to try innovative techniques and maybe a new product

3. IDEA: Government should work with companies and give out a voucher/coupon for products and then they can pay the company for what they lose in the transaction. This will help the consumer and have the companies gain consumers. Also, it may work better than just giving them money out of a stimulus plan. I do question though if this is infringing on the free market/capitalist market.

World
1. Continue organizations that makes assessments of the market like IMF or G-20

2. Interact with one another and see what is working for other countries and so they can apply it to others....though we are in a competitive market, allies will help one another

3. Keep exporting and importing but encourage people to buy products made in home country too...keep a balance and don't rack up a big trade deficit