Produces negative effects such as pollution: Capitalism often leads to a host ofnegative externalities, such as air and noise pollution, and these costs paid for by society, rather than the producer of the effect. Capitalism vs. Socialism In terms ofpolitical economy, capitalism is often contraste...
Moreover, we obtain a multi-factor Capital Asset Pricing Model (CAPM). Our results show that status concerns have non-trivial effects on savings, growth, portfolio allocation, asset prices and the foreign exchange risk premium. 展开 关键词: international catching-up asset pricing exchange rates ...
However, because not all human needs are marketable and sometimes weaker social groups must be protected from the immediately damaging effects of sound economic policy, Rhonheimer concludes, there will be always a trade-off between economic efficiency and equity. The role of the state, however ...
While advances in technology and the internationalization of the economy have led to declining costs in transport and communication, liberalization of trade and financial regimes have increased the flow of goods and capital across national borders. Termed 'globalization', such changes have had tremendous...
Explain what crony capitalism is and what effects it has on the economy using the production possibilities frontier (PPF) model.Explore our homework questions and answers library Search Browse Browse by subject Ask a Homework Question Tutors available × Our tutors are standing by Ask a question...
Judging from the price action last week, the everything rally remains resilient to the effects of monetary tightening. Have we sprung a monetary leak somewhere that is providing mysterious liquidity into markets? Or is this all just a huge lag effect as the Cov...
China's Surplus Agricultural Labour Force: It's Size, Transfer, Prospects for Absorption and Effects of the Double-Track Economic System The commune economy had two basic characteristics: one was its three-grade pyramid-type structure of organisation which integrated government administration and economi...
The evidence suggests that there are powerful interaction effects among institutions across sub-spheres of the political economy that must be considered if the economic impact of institutional change in any one sphere is to be accurately assessed. 展开 ...
Capitalism, which has become the dominant economic system in the world, requires a strong political and social capsule, made out of regulations and normative restrictions. The capsule in the United States has weakened since 1980; major industries and corporations are engaged in highly unethical and ...
A second criticism with respect to market-driven growth focuses on the adverse side effects generated by a system of production that is held accountable only to the test of profitability. It is in the nature of a complex industrial society that the production processes of many commodities generate...