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

Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
Describe a moral hazard problem your company is facing.  What is the source of the asymmetric information? Suppose that every driver faces a 1% probability of an automobile a
The value of consumption when Y=500 is? What is the value of Ye? What is the value of the multiplier? The value of savings when Y=400 is? What is the value of AE when Y=200?
a) If the decision is made based on majority voting, what is the outcome? b) Determine if each of Ben, Jill or Lisa is pivotal in the sense that her/his presence or absence
Think about the trade off in work and leisure during a given day, and from day to day. During a given day, does opportunity cost of work rise, decline, or remain constant with
Suppose that the production function for the economy is: Assume that real GDP is $12,000 billion, the capital stock is $40,000 billion, and the labor supply is 200 billion hou
Assume the Fed is currently trying to reduce domestic unemployment and the trade deficit. What must happen to interest rates and the FX value of the dollar in order to accompl
Explain how the Fed could use monetary policy to combat inflation. A complete answer must include an explanation of the policy tools that can be used and their effects on th
Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, w