Problem: Select one of the following for your thread:
Profit is money a business earns above and beyond the money that it spends for salaries and other expenses. Business people make profits by taking risks. Discuss the relationship of businesses' profit to risk assumption?
The U.S. Supreme Court ruled that cities could have school voucher programs that give money directly to parents, who could then choose among competing schools, public or private. The idea was to create competition among schools. Like businesses, schools were expected to improve their services (how effectively they teach) to win students from competitors. The result would be improvement in all schools, private and public, to benefit many students. Do you believe economic principles, like competition, apply in both private and public organizations? Are there other public functions that might benefit from more competition, including competition from private firms?
The recent pandemic has had a profound impact on how businesses operate. Discuss the impacts and how businesses have had to adapt to the changing demands and regulations surrounding the pandemic.
Be sure to include 2 scholarly citations (no more than 5 years old).