What is economics
Discussion:
What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making.
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Apply the industrial organization model and the resource-based model to determine how your corporation could earn above-average returns.
What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions?
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How important was your income as a factor? How important was the price of other goods as a factor?
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For each stage in your development plan, discuss the potential risk factors and your plan for managing them.
Discuss whether the particular rights you discuss are better understood as "positive" or "negative" rights.
Jack Welch, former CEO of General Electric (GE), understood this better than anyone else.
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