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Explain the influence of the public and private sector initiatives in increasing standard of living in the United States.

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Answer:

Through the state social policy in the economy, the principle of social justice is implemented, which implies a certain measure of equalizing the property status of citizens, creating a system of social guarantees and equal starting conditions for all segments of the population. However, this policy includes increasing public and private sector investment and strengthening the role of public-private partnership mechanisms.

Explanation:

The idea of social justice is achieved through state government justice in the economy, which entails a certain degree of equalization of citizens' economic status, as well as the creation of a network of political guarantees providing equal starting circumstances for all sections of the population.

However, this strategy calls for more public and private sector investments, as well as a stronger role for public-private partnerships.

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