Dr Nick

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$14/per page/Negotiable

About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 4 Days Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 20 Jun 2017 My Price 12.00

functioning economic market

In a properly functioning economic market, where does the economic value created by firms go? In other words, who gets it? Why?Think about the phrase "properly functioning economic market" in the previous sentence. What does this mean? This assumption ("in a properly functioning economic market. . .") is intended to imply that Figure 1 is a closed system (i.e. that it's possible, for example, for individual firms to operate in a market context without producing externalities, positive or negative). Is this really possible? For example, given that firm behavior has the potential to contribute to the stability (or instability) of the larger economic system itself, doesn't this imply that firms always have some systemic or social responsiblity? Systemic analysis is about understanding the role of firms in the larger social system. Take a look at the rectangle labeled "firms" in the above sketch. What kind of control, if any, should society be able to exercise over what goes on in this box? How can (do) firms exercise influence over society with regard to societal attempts to control firm behavior (see arrows #4 and #5 above)?

 

Answers

Dr Nick
(4)
Status NEW Posted 20 Jun 2017 02:06 AM My Price 12.00

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