and services that can be produced in a given time period with all available resources and technology.The main objective of economist is to maintain maximum output in production. In order to reach maximum efficiency, there are three questions that economists have to address. What to produce? Who are we going to produce these goods for? And, how are we going to produce it? All of these questions were answered by Adam Smith, a famous economist. Smith believes that there is such a thing as an “invisible hand” of economics that acts as the decider to all the basic three economic questions (Group Presentation). He means that the market will decide for the manufacturers how much of a product to produce. This idea stems from the concept of “laissez faire” which means to leave alone, or to let happen. This refers to government intervention of the economic process.There are many available opportunities for jobs, for those with an economic degree. The United States government is always willing to hire, but if that is not for you: business firms, banks, and other financial institutions also hire. There are also many other jobs at your fingertips, such as law, journalism, teaching, politics, and financing. The United States Bureau of Labor Statistics did a study that showed that jobs relating to economics are expected to grow by twenty percent in the next ten years. The average starting salary for an economist starts around $27,000, which is not as good at the salaries of marketing and accounting....
