Discuss how these three predictions do or do not apply to today. 1) The necessary result of competition is the accumulation of capital in the hands a few. 2) The gap between the rich and the poor will gorw.

Discuss how these three predictions do or do not apply to today. 1) The necessary result of competition is the accumulation of capital in the hands a few. 2) The gap between the rich and the poor will gorw.

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter4: Managing In A Global Environment

Section: Chapter Questions

Problem 3DQ

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Concept explainers

Economic Trends

An economic trend is the long-term direction of an economy. The trend can go up, down, or sideways. An upward trend means the economy is growing and wages are rising. A downward trend means the economy is shrinking and unemployment is increasing. A sideways trend means the economy is neither growing nor shrinking.

Question

Discuss how these three predictions do or do not apply to today.

1) The necessary result of competition is the accumulation of capital in the hands a few.

2) The gap between the rich and the poor will gorw.

3) To manage its inner tensions and crises, capitalism will internationalize.

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