ZuoTi.Pro
Question

the main difference between free market capitalism and crony capitalism: A. crony capitalism is only about...

the main difference between free market capitalism and crony capitalism: A. crony capitalism is only about greed. B.crony used the state to achieve the goals, market is based on volunteer cooperation. C.free market used incentives for goals, while government never uses incentives to reach its goals. D. crony uses cooperations, conscious uses small shops. E.all of the above.

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Free market capitalism indicates a system in which government acts as transparent facilitator of business by providing level playing field to all involved and where people engage with each other in trade and commerce in volunteer cooperation.

On the other hand, crony capitalism is a system in which government supports few businesses and create regulations to stifle competition and create favorable business environment for few favorable businesses thereby blocking volunteer cooperation.

So,

The main difference between free market capitalism and crony capitalism is that crony used the state to achieve the goals, market is based on volunteer cooperation.

Hence, the correct answer is the option (B).

0 0
Add a comment
Know the answer?
Add Answer to:
the main difference between free market capitalism and crony capitalism: A. crony capitalism is only about...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Answer the following multiple choice questions: 1. Market prices are:                 a. irrelevant to rational choice...

    Answer the following multiple choice questions: 1. Market prices are:                 a. irrelevant to rational choice                 b. an indication of how scarce items are.                 c. all money prices divided by themselves.                 d. only important to retailers. 2. What is considered “rational” by one persona may not be “rational” to another person because:                 a. of ethical considerations that give rise to different value judgments.                 b. people have different preferences                 c. of the effects on the...

  • Discussion Board: (200-250 words) Jacob, The main difference between a population and a sample is that...

    Discussion Board: (200-250 words) Jacob, The main difference between a population and a sample is that a certain part of the population is known as the sample. Population usually refers to people in a town, area, state, or country. When being referred to, population can include age, gender, marital status, ethnicity, and religion, among other things. As mentioned before, only a section of the population is known as a sample. The main reason why sampling processes are often used in...

  • 7. The relationship between the book value of shareholders' equity and the firm's Market Value Added...

    7. The relationship between the book value of shareholders' equity and the firm's Market Value Added (MVA) and Economic Value Added (EVA) Yesterday, Extensive Enterprise Inc. released its 2015 annual report on the company's website. While reading the report for her boss, Jia came across several terms about which she was unsure. She leaned around the wall of her cubicle and asked her colleague, Ryker, for help. Aa Aa ia Ryker, do you have a second to help me with...

  • Part 4: Marketing (Topic 5) Consider if your strategic plan is a market entry plan (entrepreneurial),...

    Part 4: Marketing (Topic 5) Consider if your strategic plan is a market entry plan (entrepreneurial), a market expansion plan for an existing organization, or a mergers and acquisitions plan. Deciding who the target market is and determining their demographics, behaviors, motivation, needs, and goals is essential because the target market drives the marketing plan. This is typically done through studying research and data related to how potential customers are willing to invest their time and energy. Additionally, by deciding...

  • 1.) What is the main difference between a competitive firm and a monopoly? a. A competitive...

    1.) What is the main difference between a competitive firm and a monopoly? a. A competitive firm owns a key resource, but a monopoly firm does not. b. A competitive firm is a price taker, and a monopoly is a price maker. c. A competitive firm produces output at a lower cost than a monopoly firm. d. A competitive firm is subject to government regulations, but a monopoly firm is not. 2.) What is the main social problem caused by...

  • 1. Difference between sector sparing and sector slipping is A) sector sparing uses spare sectors while...

    1. Difference between sector sparing and sector slipping is A) sector sparing uses spare sectors while sector slipping does not. B) sector sparing results in copying of a single sector while sector slipping may result in copying of multiple sectors. C) sector sparing can help recover from hard errors while sector slipping cannot. D) sector slipping can help recover from hard errors while sector sparing cannot. 2. Which of the following is FALSE about swap space use? A) Swap space...

  • Correctly answered each part of question #7 7. The relationship between the book value of shareholders'...

    Correctly answered each part of question #7 7. The relationship between the book value of shareholders' equity and the firm's Market Aa Aa Value Added (MVA) and Economic Value Added (EVA) Yesterday, Water and Power Co. released its 2015 annual report on the company's website. While reading the report for her boss, Madison came across several terms about which she was unsure. She leaned around the wall of her cubicle and asked her colleague, Taj, for help. Madison Taj, do...

  • 1) A bond is a ["financial contract: a borrower agrees to repay the amount that was...

    1) A bond is a ["financial contract: a borrower agrees to repay the amount that was borrowed and also a rate of interest over a period of time in the future.", "risk-free investment", "type of stock in a company", "rate of interest"] and also a ["risk-free investment", "rate of interest", "guarantee of payment", "rate of business growth"]           over a period of time in the future. A corporate bond is issued by firms, but bonds are also issued...

  • Drivers for private truck fleets log about 20,000 miles a year. They drive 82 percent of...

    Drivers for private truck fleets log about 20,000 miles a year. They drive 82 percent of all medium-duty and heavy-duty vehicles in the United States and account for 52 percent of the total miles traveled by commercial motor vehicles (CMVs). “The way these employees drive,” says veteran industry journalist Mike Antich, “can either increase or decrease fuel economy and greenhouse gas emissions. If you change driving behavior, you have a direct impact on the amount of fuel consumed and the...

  • Dear Bernie Sanders: Sweden’s democratic socialism depends on robust capitalism March 10, 2020 at 11:02 am...

    Dear Bernie Sanders: Sweden’s democratic socialism depends on robust capitalism March 10, 2020 at 11:02 am Updated March 10, 2020 at 3:47 pm Victor Menaldo (Links to an external site.) Special to The Times After a quick succession of once-promising Democratic candidates departed the race, we are down to a two-man race: Joe Biden, who vows to restore the pre-Trump, Obama era political, economic and social order, versus Bernie Sanders, who advocates revolution. The smart money is now with Biden....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT