Capitalism and Socialism are both forms of an economic system involving ownership of natural resources and property‚ this however is where the similarities end. Capitalism involves the private ownership of property‚ pursuit of personal profit and the free competition and consumer sovereignty. Socialism is on the other side of the spectrum with its collective ownership of property‚ pursuit of collective goals and the government control of the economy. Private ownership of property allows for individuals
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Chapter 2 Social Entrepreneurship and Innovation Profit focus vs Impact focus • A) organizations with no focus • B) organizations focused on achieving a purpose other than profit (old school not for profits) • C) organizations maximizing profits at the expense of other purposes (old school corporations) • D) organizations aligning purpose and profit maximization (new school entrepreneurs) Bottom of the Pyramid • http://www.youtube.com/watch?v=CPnx6gLcfK 4&feature=related • http://www.youtube
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In The late 19th century and early 20th century United States was experiencing great economic change and population growth due to the rise of industrialization and the increase of immigration. However‚ even though the primary benefit and purpose of industrialization is economic growth‚ in this period of time the economic and social gap between the rich and the poor grew more than ever before‚ leading to the surge of socialist groups that demanded reform in workers’ conditions and salary. On the
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What are the major differences between capitalism‚ communism and socialism? Capitalism is an economic system in which all or most of the factors of production and distribution are privately owned and operated for profit. Countries with a free market system have four basic rights‚ unlike socialism and communism where rules and regulations for a person’s business are strictly dictated to them. The right to private property‚ the right to own a business and keep all of the profits‚ the right to freedom
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Women Entrepreneurship - Questionnaire SECTION A 1. What is your gender? Male Female 2. What is your age category? Under 20 years | 20-29 years | 30-39 years | 40-49 years | 50+ years 3. What is your educational background? Primary education | Secondary education | Tertiary (University or college education) | Postgraduate (MBA‚ …) |
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without agricultural background but having strong interest and capability. The programmes‚ implemented and giving more focus on the business and human capital development. 2.1 Purposes of developing Agropreneurs: Socio-economic development programmes aimed at improving the economic status of the rural population involved in agriculture has been one
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Biblical Economics: A Commonsense Guide to our Daily Bread The neat thing about this book is that it teaches lessons on economics from the standpoint of a Christian and the way we should handle our money and look at economics from a God centered outlook. The book starts off by talking about how God has made man to have to dominion over the earth and to be a steward of what we have here on Earth. That stewardship includes money and how we deal with it. The writer of the book warns us that we
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This generally caused a great disparity of wealth. Though capitalism already existed by the time large-scale manufacturing came into play‚ the very nature of these changes had a great impact in it’s further development. Capitalism is a type of economic organization in which those with capital‚ or the funds and resources needed to purchase and maintain large scale production facilities‚ own all said means of production. Capitalists will then hire workers‚ or employees‚ to work in their facilities
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5. Copy three important passages (minimum of 3 sentences each); and then respond to these passages. Why do you think they are important? How do they help the author create his purpose? 1.“Economics is‚ at root‚ the study of incentives: how people get what they want‚ or need‚ especially when other people want or need the same thing. Economists love incentives. They love to dream them up and enact them‚ study them and tinker with them. The typical economist believes the world has not yet invented
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world would stay as it was in 1948‚ as many individual nations‚ and somewhere in the future we would drive cars through the air and live on the moon. Others feared that communism‚ totalitarianism‚ and socialism would spread throughout the world‚ and that everyone would suffer under these undesirable economic and political structures. It was on this basis that Nineteen Eighty-Four was written. George Orwell’s idea of a totalitarian society is frighteningly realistic‚ and could easily have been construed
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