Discussion—Comparing and Contrasting Economic Systems
Your module readings provide insight into various types of economic systems, including the free market system, socialism, and communism. Each of these systems has an impact on the way businesses operate and on how the government responds to economic crises.
Use your module readings, the online library resources, and the Internet to research companies that have been affected by an economic crisis. A few examples of companies can be Enron, Ford, Intel, etc.
Respond to the following:
- Describe the company in terms of where and when the crisis took place .
- Describe key roles (leaders, stakeholders, etc) and the damage that was done-scope of the crisis, what led to the impact and so forth.
- Provide the initial government response and its effectiveness in terms of stabilizing/addressing the situation.
- Describe how technology had a part in the situation during the crisis.
- Discuss the final outcome of the company and the situation.
Write your initial response in300 words. Apply APA standards to citation of sources.