+1-415-670-9189
info@expertsmind.com
How do the decisions differ between capitalist and socialist
Course:- Macroeconomics
Reference No.:- EM13204575




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Macroeconomics

Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald's, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use? Who made those resources available, and why? How does the market determine who will get the goods and services? Who decides whether these particular products should continue to be produced and offered for sale? How do these decisions differ between capitalist and socialist systems?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
What equation would you use to find growth. Fill out GDP deflator column. Fill out inflation rate column. Graph the Inflation rate with time on the horizontal axis and inflati
The socialist economy of Soviet Union can be looked at as one huge enterprise. Describe the main organizational task to run this or any enterprise. What are the similarities
Explain the difference between the two , explain the importance of each. Why each are needed? Who is in charge of the Expansionary and Contractionary Policy of each? What tool
If the cost of having the book typeset is $9,000, if the marginal cost of printing an extra copy is $4, and if he has no other costs, Calculate total revenue, total cost and
What does it cost you to sleep through one of the 30 lectures in a course for which you paid $2000 in tuition? Do students put more effort into courses for which they have to
Explain how have they implemented the policy changing the "interest rate", changing the reserve ratio, or open market operations. How has this policy impacted you and/or your
Assume the USA and Canada are considering to trade. Assume there are only two goods in the economy: potatoes and rice. The table below illustrates what each country can pro
What government officials increase the price of parking ticket from $40 to $50; they are surprised that their revenue actually falls. What happened?