Respond to the following in a minimum of 175 words: Compare the pros and cons of two economic systems.
Let us analyse the pros and cons of capitalism and socialism as two economic systems .
Pros and cons of capitalism : Competitiveness keeps prices low , rewards hard work accordingly , increases efficiency due to competition , consumers regulate the market , wealth accumulation is possible , innovation and enterpreneurship is more encouraged .
Uneven distribution of wealth , exploitation of resources for personal interests without replenishment , exploits people who cannot compete , creates a money oriented society , monopolies may develop and externalities can harm the environment .
Pros and cons of socialism : Provides social justice , better allocation of resources , social security and welfare along with economic stability , control of monopoly power , better distribution of income and resources .
Loss of consumer freedom , loss of personal liberty in making economic choices , concentration of power , no incentive to work hard as it is now rewarded accordingly , no competition leads to lack of innovation , higher taxes .
Respond to the following in a minimum of 175 words: Compare the pros and cons of...
Respond to the following in a minimum of 175 words: Suppose a university teacher wants to know whether or not requiring attendance improves student learning. How could she find out? Describe an experiment that an instructor might actually use. Review the experiments posted by your classmates. Evaluate the pros and cons of their proposals, and when applicable, suggest improvements or ask follow-up questions.
Respond to the following in a minimum of 175 words: Two common types of leases are operating and financing leases. In your own words, describe and share examples of each. What are the major differences in accounting for each of these two types of leases?
Respond to the following in a minimum of 175 words: Discuss the following statement from Principles of Economics: “Because the environment is fragile and natural resources are finite, ultimately economic growth must come to an end.” Explain why, in any period, a country’s net capital inflows equal its trade deficit? Include examples.
Respond to the following in a minimum of 175 words: Explain the following two topics from our course readings and provide an example of each: a: Hypothesis testing b: Regression analysis
Respond to the following in a minimum of 175 words: Describe the role of multinational corporations in the global business environment.
Respond to the following in a minimum of 175 words: Describe how you will use the four functions of management to achieve your performance goals in your current work or volunteer position.
Respond to the following in a minimum of 175 words: Share, in your own words, the difference between the fair value and equity methods of accounting for investments. In what situations would an accountant use one method over the other? What drawbacks, if any, are associated with each method?
Respond to the following in a minimum of 175 words: Explain the tax implications of compensation in the form of salary and wages from the perspectives of the employee and employer.
Respond to the following in a minimum of 175 words: What are the primary internal organizational considerations for the development of a strategic plan? Which consideration is the most important?
Respond to the following in a minimum of 175 words: Describe how you will use the four functions of management to achieve your performance goals in your current work or volunteer position. Planning Organizing Leading Controlling