Market Equilbrating Process Paper

Market Equilibrating Process Paper

ECO/561 Economics

Market Equilibrating Process Paper

My experience relates to the concept to the esource reading to a prior real-world experience. In addition, my experiences as a foster care provider and adoptive parent as well. However, according to general statistics the number show 123,000 children in the United States in foster care available for adoption. However, local, nationwide, and statewide struggles with facing foster children aging out of the system. In addition, every year numerous of children in care are aging out of the system. In other words, the system for adopting children is not working too well. In addition, the adoption system excess demand for healthy Whites, excess supply of older, those with disabilities, and minority children. In other words, markets sales can increase the number of adoptions to disability children.

However, identifying diverse of children and taking reports of significant changes, which has an effect, will yield price development in any section in the markets. In the adoption agency or a private sector, the cost for adopting a child in the United States depends on the circumstances or the adoptive placement. However, the cost to adopt a child in the United States in either option; domestic adoption or public adoption would cost between $2,500 to $40,000 dollars and in some cases the cost of the child medical expenses (Ellis, 2009).

However, the incomes from the sales of the adoption rights for highly demand children can subsidize the adoption of the less desired children. In addition, adoption will decrease and more of less desired children will be adopted, adoptive parents, natural mothers, adoption agencies surplus will use and eliminate markets for the more desired children. In others words, adoption considered as less in economics issue than child bearing. However, adoption should have considered interest to the...