Answer to: Explain what is the fundamental characteristic that distinguishes the short-run from long-run in production process. By signing up,...
What are the primary differences between investor-owned and not-for-profit corporations? What is the difference between technology and social entrepreneurship? What is the main characteristic of a laissez-faire economy? Describe the differences between collectivism and individu...
In my view, the most fundamental characteristic ofis its commitment to the creation of an egalitarian society. Socialists may not have agreed about the extent to which inequality can be eradicated or the means by which change can be effected, but no socialist would defend the current inequalities...
What is autonomous motivation? Motivation: Motivation to achieve something or pursue a goal exists at different levels on a continuum. On one end is amotivation, or simply the lack of motivation. At the other end is autonomous motivation, and somewhere in the middle of this continuum is extrins...
F.8 What role did the state take in the creation of capitalism? If the "anarcho"-capitalist is to claim with any plausibility that "real" capitalism is non-statist or that it can exist without a state, it must be shown that capitalism evolved naturally, in opposition to state intervention...
What is political skill? Explain the different aspects of political skill. What are the differences between Socialism and Capitalism with regard to the levels of unemployment and underemployment. Distinguish the roles of the four economic actors in economics. ...
A closely related characteristic is a scaffold’s reliability—the more likely a scaffold is available and leads to certain effects, the more reliable it is. Reliability can be interconnected with robustness and sometimes be the reason why a scaffold becomes robust in the first place. The less ...
What are the key aspects the globalized economy has on free markets and government controlled markets? Global economic system: A global economy is defined as that market economic system which engaged in international (foreign) trade. When different economic systems i...
The Bottom Line The primary differences between a market economy and a command economy include resource control, capital ownership, and price determination for goods and services. A market economy is commonly equated to capitalism, highlighting private ownership and the forces of supply and dema...
Japan, Inc. is a descriptor for that country’s modern, highlycentralizedeconomic system and development strategy ofexport-led growth. In a sense, Japan since the 1980s has been defined by a corporate culture of capitalism and export profits. Despite its rapid growth of corporatism, the country...