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7. Economic Way of Thinking Search the newspaper and identify a major economic issue facing your community or state. Identify possible solutions and prepare a decision-making grid to evaluate the alternatives. What decision would you make? Write a short essay in which you explain your choice.

User Belmiris
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1 Answer

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Final answer:

The major economic issue facing our community is unemployment. Possible solutions include economic development programs, education and training, and support for small businesses. The decision-making grid can help evaluate the alternatives, and based on the evaluation, a combination of economic development programs and education and training would be recommended.

Step-by-step explanation:

Major Economic Issue Facing our Community

An ongoing major economic issue facing our community is unemployment. Many individuals in our community are struggling to find employment, leading to financial hardships and economic instability. This issue impacts not only the individuals who are unemployed but also the overall economy of our community.

Possible Solutions

There are several possible solutions to address the issue of unemployment in our community:

  1. Economic Development Programs: Implementing programs and initiatives that attract businesses and industries to our community, creating job opportunities.
  2. Education and Training: Providing education and training programs to equip individuals with the skills and knowledge needed for available job opportunities.
  3. Support for Small Businesses: Offering support and resources for individuals to start and grow their own small businesses, creating job opportunities.

Decision-Making Grid

A decision-making grid can be created to evaluate the alternatives. This grid would include criteria such as feasibility, cost, impact on the community, and time frame. By assessing each alternative based on these criteria, a decision can be made based on the most effective and efficient solution.

Decision

Based on the evaluation of the alternatives, I would recommend implementing a combination of economic development programs and education and training programs. This approach would attract businesses to our community while also providing the necessary skills and knowledge for individuals to secure employment.

User Jorge Guerola
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