Economics is a concept often misunderstood by many. There are key concepts that aren’t easily understood and often mistaken for something else. In layman’s term, economics is simply the study of how we all use our various resources. Topics like finances, wealth, and banking are often discussed when we talk about economics. And world leader’s need to have a good grasp of how an economy works or how to run a country when running the different affairs of the estate. As one of the biggest and most powerful nations in the world, virtually everyone is interested in any news about the US. The unprecedented win of Donald Trump during the last presidential election surprised the whole world and it’s no wonder we are all curious as to how we will run America despite being a total novice in the field of politics himself. They even coined the term “Trumponomics” pertaining to Trump’s economic policies during his reign.
President Trump believes that offering tax cuts will help him realize his economic goals for the country rationalizing that it will encourage businesses to stay in the country and not take their business elsewhere. Unfortunately, experts think that this economic policy will likely only benefit the wealthy elite in America and not everybody else that matters.
You can safely assume that Trumponomics is business-friendly (meaning big business owners can benefit from it). Confidence in businesses has increased and the stock market is likewise doing well too. However, there are some major flaws to President Trump’s economic agenda. The trade deficits won’t actually deliver the results he wanted and focusing on manufacturing jobs isn’t a practical choice as well. He won’t be able to secure long-term economic security for the US considering how things are these days. Many have actually been pointing out how hilarious it was for him to explain economics to the Economist during one of his more recent interviews. Today, a lot of Americans are now wondering whether he is indeed getting the right information about the nation’s economy and it is a cause of worry for many of his constituents right now. The post How Donald Trump Understands Economics Read more on: https://hdbizblog.com via https://hdbizblog.com/blog/how-donald-trump-understands-economics/
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