Chapter 3 - The Making of Prosperity and Poverty

This chapter insists that it is government's responsibility to make the country prosper. I also agree with the statement, because public services and careers are offered by the government.

Nations' living standards depend on how well the government provides the public services, such as medical service and education service. It is importance for the government to provide proper medical service, because if people cannot maintain the proper state of health, there will be increase in unemployment rate because of sickness. This will eventually lead to decrease in consumer spending since people are not able to work, and will lead to economic crisis. Providing education service is also important, because for a country to prosper, the country needs a substantial number of high educated people to manage the economy, businesses, sciences, and etc. Therefore, the government should offer capable public education system to produce many high skilled people.

Another factor that rejuvenates the nations' living standard is providing a wide range of career and proper management for workplaces, such as setting minium wage and maxium work hours. To increase the GDP and productivity of the country, there should be a high rate of employment. Therefore, the government is highly responsible to improve the country's prosperity.