Dani Rodrik outlines six stylized facts of secular growth in his 2015 paper "The Past, Present and Future of Economic Growth." Give a brief outline of each one.
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- Discuss the key elements of managing social response by a business organization in the Societal perspective and give appropriate examples.Using the three concepts of teleology, what drives a free market system?According to Adam Smith’s The Wealth of Nations, when it comes to government oversight in the free market and regulations, the less intervention, the better. Does the government play an important role in encouraging businesses to behave in an ethical manner? Explain the basis for your answer. What role do environmental laws have in a capitalistic system?
- Question 9: Doctrow uses the following terms to describe; People who make creative works A Audiences B Intermediaries C Creators D InvestorsREFLECTIONDirections: Read the article below . Then , discuss how the economic program of the government administration puts solution to the problem of scarcity in the country.Write your answer in a reflective way.Both Private Property and Limited Government are integral to a purely Capitalistic economic system. The USA is not a purely Capitalistic economic system. Why
- Discuss economics as a social scienceWhat are the main differences between a capitalist (market-based) and socialist (command) economic system?Discuss the difference between economic value and social value or the shared value creation framework. Why do you think organizations tend to focus on the creation of one type of value but not both?