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In collaboration with the Arizona Council for Economic Education, and led by the incredible Kathy Pondy, this lecture-styled session will delve into the core components of the factors of production, including land, labor, capital, and entrepreneurship. We will explore how these components play a crucial role in determining income distribution and how imbalances can lead to economic inequality. Furthermore, the session will dive in the various ways governments can influence markets. From policies that regulate businesses to the imposition of taxes and the provision of subsidies, the role of government is vast and varied. Attendees will explore how these interventions can both positively and negatively impact microeconomic behavior, providing a balanced view of government’s role in the economy.
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