I had been planning to resume my Presidential Campaign. Now, it is 11:38 PM on 11/6, let me start it in my diary for Monday.
As I shared that I would utilize the model of Demand and Supply to keep laying out my economic plan.
The key concept for this model is, in competitive market, Demand and Supply achieve an equilibrium where all buyers and sellers are fully satisfied at the same price for the same quantities.
Demand Curve is shifted driven by the following factors:
- Changes in the prices of related goods or services
- Changes in income
- Changes in tastes
- Changes in expectations
- Changes in the number of consumers
Supply Curve is shifted driven by the following factors:
- Changes in input prices
- Changes in the prices of related goods or services
- Changes in technology
- Changes in expectations
- Changes in the number of producers
GDP growth depends on growing demands and supplies in fully competitive markets. So my plan is to focus on increasing Americans' income and advancing technologies.
Domestically, complete free market is optimal, which means capitalism should be the only system in the place in wealth generations without any government interventions. Meanwhile, complete government control is ideal, which means socialism should be the only one in wealth distributions. The logic is to utilize Capitalism to stimulate economic growth across the board while apply Socialism to ensure equalities.
However, internationally, it's not so easy to get every country on the same page, we have to protect ourselves accordingly.
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