In an effort to promote rapid growth, the government of Cashland has kept taxes low, offered little regulation of business activities, and implemented only modest social programs. The government is now facing political pressure to do more to clean up the environment and to reduce the inequalities of income and wealth. Cashland's government is currently taking a:

Capitalist approach toward achieving economic goals.

Explanation:

Capitalist approach: It is an economic approach that give more power to private entrepeneur to boost economy and to develop competitive market. It give freedom of doing business and controling it as government have little role in regulating the business. This approach been undertaken with the motive profit not the social welfare, which create several issues in the society as it create gap in the society and more social issue arises over a period of time.

In the given case, Governement of Cashland has taken predominately capitalist approach toward achieving economic goals, but the current pressures it faces suggest it is likely to adopt a more socialist approach in the future.

answer; is usually (less than) the socially optimal level of consumption;

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