1.Which would be more labor intensive - a command economy or a market economy? Which is more capital intensive?
2.In order to answer the following, pick a type of business (your choice). If there's a certain type of business you are interested in actually doing, it may be helpful to pick that type of business. What type of business is it?
3.What are the resources that would be required in this type of business?
4.How much and what type of labor would be required?Would the labor likely require high pay or average pay?
5.What sort of capital would be useful?
6.Would you be willing to be an entrepreneur and start or run such a business? Why or why not?
7.Would you like this business to be a sole proprietorship, a partnership, or a corporation? Why?
8.What was the name of the 1890 act that Congress passed to try to stop monopolies?
9.What is the difference between economic regulation and social regulation?
10.What does “laissez-faire” mean and how does it apply to economics?
2007-03-08 13:46:12 · 10 answers · asked by guitarbuttmunch88 1 in Politics & Government ➔ Politics
Capitolism is an economic model where resource production and manufacturing are controlled (primarly) by the private sector.
Socialism is an economic model where resource production and some manufacturing are controlled by the govt. That ensures a fixed uniform price for all downline consumers, and no upstream private control over resources (no monopolies, other than the govt).
So, when you answer your question, ask yourself how much the business model depends on upstream resources and/or manufacturing. For example, a company that builds cars is going to be affected differently than a company who cleans houses.
The issues of "command economy" or "market economy" are similar but different. The former is where goods and services are required by the upstream controller/provider. The latter is where the need for goods and services is controlled by downstream consumers.
Good luck with your homework.
2007-03-08 13:53:17 · answer #1 · answered by coragryph 7 · 1⤊ 0⤋
1)http://en.wikipedia.org/wiki/Capital_intensive
For 2-7)Teachers love the lemonade stand. It's a simple to use illustration. Make that your type of business.
8)http://www.infoplease.com/ce6/history/A0844878.html
9)http://en.wikipedia.org/wiki/Economy_of_the_United_States
10)http://en.wikipedia.org/wiki/Laissez-faire
2007-03-08 14:14:10 · answer #2 · answered by Michael E 5 · 0⤊ 0⤋
Go to homework section
2007-03-08 13:53:30 · answer #3 · answered by Cookie Monster 3 · 1⤊ 0⤋
Stop being a lazy socialist and do your own homework!
2007-03-08 13:56:30 · answer #4 · answered by Greg K. 1 · 2⤊ 0⤋
If you want to do a research paper, do it on your own time!
2007-03-08 14:05:03 · answer #5 · answered by cantcu 7 · 1⤊ 0⤋
These links should help you
2007-03-08 13:53:27 · answer #6 · answered by Mike J 5 · 0⤊ 0⤋
Spellcheck or no spellcheck?
2007-03-08 14:37:45 · answer #7 · answered by Anonymous · 1⤊ 0⤋
do your own homework.
2007-03-08 13:49:55 · answer #8 · answered by beren 7 · 1⤊ 0⤋
Do your own test loser!
2007-03-08 13:50:46 · answer #9 · answered by Anonymous · 1⤊ 0⤋
I feel so stupid
2007-03-08 13:49:00 · answer #10 · answered by FOX NEWS WATCHER 1 · 0⤊ 1⤋