Which of the following choices is not part of capitalism? O free enterprise O private ownership of property n competition O strict government control of businesses
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- "Innovation by the Entrepreneur" argued Schumpeter, leads to gales of "creative destruction" as innovations cause old inventories, ideas, technologies, skills, and equipment to become obsolete. The question is not "how capitalism administers existing structures,…[but] how it creates and destroys them." This creative destruction, he believed, causes continuous progress and improves the standards of living for everyone." Joseph Alois Schumpeter, 1883-1950Links to an external site. In terms a little more modern than Shumpater's, Dr. Abhijeett Desai explains that the predominant form of innovation can look disruptive, but is, in fact, transformational innovation. Explore Dr. Desai's thinking in Transformative Innovations vs. Disruptive InnovationLinks to an external site..Both Private Property and Limited Government are integral to a purely Capitalistic economic system. The USA is not a purely Capitalistic economic system. WhyUnrest and economic underperformance haunt the emerging worldAt the start of the century, developing economies were a source of unbounded optimism and fierce ambition. Today South Africa is reeling from an insurrection, Colombia has suffered violent protests and Tunisia faces a constitutional crisis. Illiberal government is in fashion. Peru has just sworn in a Marxist as its president and independent institutions are under attack in Brazil, India and Mexico.Source: https://www.economist.com/leaders/2021/07/31/unrest-and-economic-underperformance-stalk-the-emerging-worldAccessed: 20/08/21 According to economic theory, the above occurrences come as a result of emerging markets failing to accomplish which of the following objectives?a) Price stabilityb) Balance of payments stabilityc) Economic growthd) Full employment
- what do you think are the problems/distortions capitalism as a global economic system generate in food production and consumption within food supply systems at a global scale? According to the documentary "The future of Global food supply at risk"What is meant by varieties of capitalism?Watch the following video clip about fair trade co-operatives in South America: www.youtube.com/watch?v=yu5DhOHLJ-s Based on this clip, consider the following issues: What western business norms are modified by the social and solidarity economy? What charitable norms are modified by the social and solidarity economy? How would you explain 'endogenous development' to another person?
- #13 All of the following are drivers of globalization EXCEPT a. Market Drivers b. Cultural Drivers c. Government Drivers d. Competitive DriversWhat does it mean by a linear production possibility frontier?In your view, what has capitalism accomplished, and what are its prospects for the future? please help reply to this discussion question
