Managerial Economics

This is what I have come up with so far:

Social security is a concept that is expressly identified in relations to public interest through government interventions procedures. Its relationship to economics is established through the central features of goods, services, government and persons who are the center play parties in economics and equally in social security. Demand and supply engulf coordination of production of products and services, procurement, pricing and quantity which calls for managerial needs. Therefore, the establishment of the requirements of the provisions of social security is directly liked to demand and supply forces in the market and their attributive impact on those in need of social security.

Likewise, the provision of social security is more of a public arrangement task in some cases may involve the mandatory insurance for wage –dependent workers whereby the government applies federal regulation to secure such coverage. Equally, this security engulfs every citizen with a recognized regime, and it usually focuses on people with low incomes. The mentioned two considerations in social security are triggered by market failure consequences that compress individual within the economy raising their demands for goods and services but having no ability to access them. This similar works with the property owners also call for such concerns of mandatory insurance.

Ultimately, the need for fair competition by competition which is majorly hindered by antitrust issues is a concern for the need of social security. These interventions into solving of such unhealthy matters in the society call for regulatory actions by the government through different interventions that aim at building the economy to meet the required free and fair competitive environment. These responses are usually designed to establish the required supply and demand forces and also stabilize the inequalities in the economy.