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1. How does capital-intensive technical change help firms compete?
2. Describe how capitalist competition could trigger an overproduction of
investment goods.
3. How does the welfare state help stabilize the capitalist system?
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- 12- Capitalist economies have these features, except __________. a. State control of the factors of production b. Profit motive c. Consumer's freedom d. Private ownership of resources1. What are the characteristics of a good theory? What makes a theory practical? How can an entrepreneur use the resource-based theory for his or her advantage? 2. Explain the problems we would have if there was a “law of entrepreneurship.” 3. How does each of the four attributes of resources contribute to SCA?What are 10 principles of Economics? How does Science & Technology affect them? Why does Technology keep transforming jobs and creating polarization effect, both at organizational and country levels?
- Question 10: Doctrow uses the following terms to describe; Someone who puts capital into production and refinement A Audiences B Investors C Intermediaries D CreatorsWhich of the following description best characterizes capitalsm? a)Society decides what,how and for whom to produce b)Ownership of the means of production resides with a small group of individiual. c)it is an economic system based on individuals goodwill toward others1- The world’s most innovative companies have largely created structures that remove structural barriers. They have established an innovation culture and improved their innovation capability. This refer to a) Process innovation b) Management innovation c) Organizational innovation d) Services innovation 2- If a company has a large variety of processes in the manufacturing and a low volume of jobs then the right type of “Product Process Type” would be…..… a) Project b) Jobbing c) Batch d) Mass 3- The various systems needed to ensure industrial plants operate smoothly to produce goods and services. Within such a system, operators monitor, control, and fix the components that help run everything from power plants to water refineries to manufacturing facilities. a) Process innovation b) New product lines c) Process technology d) Sequential model
- a.Discusses the principles of individual decision making with examples b.Explain with your own words the determinants of price elasticity of demand. c. The production possibilities frontier curves show the concepts of scarcity, choice, opportunity cost, efficiency and economic growth. Discuss with examples, d. Do you think that the pure market economy in these circumstance of COVID 19 play an effective role in economy? Give four evidences from your point of view. ReplyForwardExplain why new entrepreneurial business owners select or target their customers. What are the disadvantages associated with not choosing the customers?1. It regulates the engagement between the producer and the consumer. A. Chamber of commerce B. Local community C. Government 2. Economic development is measured by looking at A.Wealth of the community B.Quality of life C.Type of businesses present 3.It is regarded as the engine of the economy. * A.Entrepreneurship B.MSME's C.Education 4.The future belongs to those who can think like a; A. Positive person B.Scientist C.Entrepreneur 5.Which of the following is an entrepreneurial mindset? * A.Vulnerable Mind B.Resilient Mind C.Rigid Mind 6. is more interested in being unique. A.Independent Mind B.Risk Managing Mind C.Designing Mind 7.It is determined to achieve stretch goals. * A.Resilient Mind B.Independent Mind C.Goal oriented and effectuating mind 8. It has the propensity to take calculated risks. * A. A positive mind B.Risk managing mind C. Calculated risk mind 9.It…
- How does economic freedom (people have choices on how to spend their money), private property (you own and control your purchased goods), and profit motive all tie into our capitalistic system? Give an example of one product that satisfies all three things in your explanation.a)What are the characteristics of a socialist economy? Of a capitalist economy? b)In your normative opinion, is someone acting compassionately if they tax certain individuals in order to pass along that money to others? c)How can government power lead to corruption?A) Despite a booming economy and low unemployment rates researchers have often found declining social mobility and growing income inequality. Discuss at least 4 reasons for this outcome. B) What is the relationship between business and society ?Describe ways in which business and society are part of an interactive system.
