Principles of demand and supply, Supply Chain Management

Critically summarize the article, "Ethical Dilemmas in Forecasting for Public Policy" by Martin Wachs in approximately 800 words. Carefully explain how the author explores the nature of ethical dilemma.

Does the new economy's "network society" play by traditional principles of demand and supply or do we now live in a "network society," one in which profits and economic growth have reached such heights that they seem to defy the core principles of economics? Some argue that unit value of products used in networks have increased with more and more supply of these products, contradicting the traditional principle that increased supplies cause lower value. Using the Wall Street Journal article, "So long, Supply and Demand" and real-world examples of today's most successful companies in the "network society" - Microsoft, Cisco Systems, America Online, Oracle, Sun Micro Systems, Dell Computers, eBay, and so on, critically discuss the above statement in 800 words.

Posted Date: 3/2/2013 5:08:45 AM | Location : United States

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