. So no matter how talented/gifted one is, he is just as valuable to his family and friends as the guy that makes my French fries at McDonald's.A wide disparity exists among people in the United States. Our free market economy provides us with the ability to prosper and soar above our competitors. Resources are privately owned which clears the way for voluntary exchange. The role of the government in America's Free Market economy is to help ensure that everything runs smoothly with minimal interference. The fair economic system that we live in provides for a wide disparity among the rich and the poor, which in turn provides for a better trade market between the customer and consumer. The circular flow model is a perfect example as to how the American economic system flows among different levels in society. Land, labor, and capital are equally distributed and fairly regulated among the Factor market, households, businesses, products, and the government.The system of Economics in the United States of America is balanced and geared towards the citizen, not the government. Hamilton's development of the U.S. Economic system served as a blueprint for America to follow for the coming years. The national bank, taxes, debt, and loans are all perfect examples of how the people choose their own paths in life. They were/are responsible for their finances, rather than allowing them to be regulated by the government. The incorporation of Specialization allowed for a more service oriented society. Those who are qualified to perform a certain task are able to thrive in America's economic system. Absolute advantage and monopolies play a huge role in free market economics, allowing the seller to control his/her own destiny. The widespread availability of goods allotted the customer to shop around. The disparity of prices among the buyer and seller are constantly being regulated by Adam Smith's theory of the Invisible Hand-the idea that pri...
