Compare and contrast the different economic ideologies including: communism, socialism and capitalism. Define each ideology and think of different countries which have embraced each ideology.
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Compare and contrast the different economic ideologies including: communism, socialism and capitalism. Define each ideology and think of different countries which have embraced each ideology.
What companies (if any) would be successful in each one of these countries? Discuss the characteristics of each company and consider whether they would subscribe to recent trends to adapt corporate social responsibility, gender equality and merit based promotion.
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- Select and examine any two economic systems that you think affect businesses most in South Africa. Give five reasons under each system of the impact they have had on your company specifically taking into consideration the King IV report and corporate social responsibility policies in the country and the impact these have had on business practice and have influenced how your company operates. Consider the type of enterprise you operate and the benefits this present to your company.Which of the following describe South-East Asian economic centre? Prevailing entrepreneurial capitalism. Coordinated market economies. Coordination by non-market mechanisms. Short-term economic efficiency paradigm.Which aspects of capitalism do you personally appreciate? Which do you find worrisome? What are some of the effects the United States economic system has on society as a whole? Explain.
- Following its independency from Britain in 1953, Kenya embrace African Socialism. Why did the country choose this path? Discuss the benefits and drawbacks of this choiceCapitalism is defined as an economic system in which a country's trade, industry and profits are controlled by private owners or companies, rather than by the state. Do you agree Capitalism is the best economic system which will ensure justice and fairness for citizens? Provide your explanation.discussing ethical challenges related to Capitalism, including rights and freedoms, equal opportunity, competition, profits, work ethic and the role of government in business
- What does this mean? “Capitalism is the supreme expression of human creativity and freedom, an economy of mind overcoming the constraints of material power. It is dynamic, a force that pushes human enterprise down spirals of declining costs and greater abundance. The cost of capturing technology is mastery of the underlying science. The means of production of entrepreneurs are not land, labor, or capital but minds and hearts.”____ a. individualistic capitalism____ b. political action committees____ c. oligopoly____ d. government____ e. nation-state____ f. democracy ____ g. monopoly____ h. downsizing____ i. communitarian capitalism____ j. authoritarianism____ k. terrorism____ l. traditional authority ____ m. power elite____ n. rational-legal authority____ o. bourgeoisie____ p. elitism____ q. interest group____ r. corporation Match the following concepts with the definitions listed below them. 1. the type of political system controlled by nonelectedrulers who generally permit some degree of individualfreedom2. members of a society who own productive property3. the type of political system in which elected officials areheld responsible for fulfilling the goals of the majority ofthe electorate4. the theory of power distribution that sees society in thecontrol of a few individuals and organizations5. a group organized to achieve some specific, shared goalsby influencing political decision making6. a situation in…Essay (6-8 sentences, please): Define and contrast the 4 forms of capitalism 1. Neoliberal market capitalism 2.Social market capitalism 3.Developmental capitalism 4.Authoritarian capitalism.
- What do you see as the strongest moral consideration in favor of capitalism? What do you see as the strongest objection to it? How capitalist is our economic system today? What do you see as the major economic challenges facing our society today and, in particular, your generation?What factors caused American business to develop into a mixed economic system rather than some other type of economic system?How might conscious capitalism be applied in international markets? Give an example of a company that has exercised conscious capitalism and why it has worked. Why is it important? How would you leverage that strategy as part of the Christian worldview? Social responsibility and Christian worldview?
