Let us write or edit the assignment on your topic
"Please invent your own economic system and explain how it works in 2-3 pages. Remember the types of existing markets are: free socialism communism"
with a personal 20% discount.
Download file to see previous pages...
Although the private sector is given the opportunity to have their say in crucial national decisions, the government may intervene in essential matters that already involve the majority of society. This economic system puts emphasis on the importance of equality in a way that the government’s role as the main authority does not compromise freedom, which is evidently an inherent right of the citizens. The private sector is able to exercise freedom in setting production targets, for the betterment of businesses in both the manufacturing and service industry. On the other hand, the government sets the key policies to guide and govern the private sector, so that it may progress and pay its contributions, which are allocated to enhancing infrastructure, transportation, education and health programs, communication, agriculture and employment opportunities.
A majority of ownership in a proportionate economy is by the private sector; however, despite the private sector’s large share of business ownership, government also owns organizations that provide inexpensive and at some point, free of charge services to people who are unable to pay for the basic necessities. The method of taxation applied in this type of economic system places the burden of paying higher taxes to companies that are able to earn huge monetary gains from their business operations. Although the citizens are also obliged to pay taxes, only less is being required from them by the government, and tax exemptions are also granted to the less-privileged. All the taxes collected are budgeted and distributed equally to finance government programs that aim to alleviate poverty and enhance the quality of living in a nation.
The private sector sets the price for the services and commodities they offer, but the government still regulates these prices to ensure that they will not overprice their products and abuse their freedom for their own
...Download file to see next pagesRead More
Cite this document
(“Please invent your own economic system and explain how it works in 2-3 Assignment”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1599411-please-invent-your-own-economic-system-and-explain-how-it-works-in-2-3-pages-remember-the-types-of-existing-markets-are-free-socialism-communism
(Please Invent Your Own Economic System and Explain How It Works in 2-3 Assignment)
“Please Invent Your Own Economic System and Explain How It Works in 2-3 Assignment”, n.d. https://studentshare.org/macro-microeconomics/1599411-please-invent-your-own-economic-system-and-explain-how-it-works-in-2-3-pages-remember-the-types-of-existing-markets-are-free-socialism-communism.
This means that investors fund all projects that have the highest value. Recent researches have also linked allocative efficiency with large literature bodies on investment and choice of effective firms1. Moreover, allocative efficiency is directly linked to customers’ consumptions and saving decisions.
Capitalism is defined as an economic system under which services and goods are owned by the private sector, whereas decisions on distribution, investments, and pricing are made based on a free market system. Socialism, on the other hand, is defined as an economic system whereby the government, whichever party is in power, administrates and owns distribution and production.
Franchise Name of the Student: Name of the University: Date: Table of Contents Table of Contents 2 Introduction 3 Allstate Insurance Company & Franchise Model 3 Legal Rights as a Franchisee 4 Financial Obligations of Franchisees 5 Market Segments 6 Determining a Site for Franchise 7 Possible Challenges 8 Phase Evaluation 9 Conclusion 9 References 10 Introduction In the previous assignment, it has been mentioned that the study will consider different aspects of franchising in context to Allstate Insurance Company.
Du Bois supports the premise that collectivism serves as a platform for public ownership of industry and an equal distribution of wealth in the society. Du Bois’ support for William Bryan Jennings represents his endorsement of anticapitalistic and egalitarian
He appears to conclude from this that the identity of man consists of a participation of the same continued life and united to the one organized body.
Roughly, the idea underlying the first premise is that an individual is often defined as thinking