1.Which would be more labor intensive – a command economy or a market economy? Which is more capital intensive?
2.In order to answer the following, pick a type of business (your choice). If there’s a certain type of business you are interested in actually doing, it may be helpful to pick that type of business. What type of business is it?
3.What are the resources that would be required in this type of business?
4.How much and what type of labor would be required?Would the labor likely require high pay or average pay?
5.What sort of capital would be useful?
6.Would you be willing to be an entrepreneur and start or run such a business? Why or why not?
7.Would you like this business to be a sole proprietorship, a partnership, or a corporation? Why?
8.What was the name of the 1890 act that Congress passed to try to stop monopolies?
9.What is the difference between economic regulation and social regulation?
10.What does “laissez-faire” mean and how does it apply to economics?

Tagged with: captilosism • socialism

Filed under: Entrepreneur Resources

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