Discuss the category of economy South Africa belongs to (Mixed/Capitalistic/Social). Examine the characteristics of Communism, Capitalism and Socialism with relevant examples.
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Discuss the category of economy South Africa belongs to (Mixed/Capitalistic/Social). Examine the characteristics of
Communism, Capitalism and Socialism with relevant examples.
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- 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 choiceDefine the following terms critically contrasting them in reference to co-operation Socialism Communism Capitalism?What did Adam Smith predict would happen if economic individualism were allowed to operate in a country?
- An economic system that is based on customs, skills, and cultural beliefs is Traditional True or falseDiscuss the role of Islam in cross-cultural relations and business operations.Check the countries whose economies are best described as "mixed," combining aspects of both capitalism and socialism. Check all that apply. Netherlands Norway Austria Switzerland New Zealand Which of the following are defining characteristics of a socialist economy? Check all that apply. Private ownership of resources Public ownership of resources An authoritarian government Decentralized decision making through markets i Centralized decision making
- Explain the difference between market capitalism, centrally planned capitalism, centrallyplanned socialism, and market socialism. Give an example of a country that illustrates eachtype of system.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.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.
- Capitalism in the USA in 1900 -1940 essayHow do you think Australian culture differs from other continent's cultures? Provide relevant examples.Which of the following is an example of a traditional economy? The majority of people in Country B work in factories under very poor conditions for little pay. The population of Country D is involved in a wide array of professions, including agriculture, service industries, technology, and manufacturing. Country A relies on oil for most of its national income. The vast majority of people in Country C are involved in hunting and fishing, though there are some farmers too. There are also some artisans who create basic products and services, which they trade to farmers in exchange for food.