Ch 1 and Ch 2 Discussion Answer

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1. Definition of Inflation – Price goes up.   So, explain why prices going up can be both good and bad for you personally?

2. Search online and define Crony capitalism? Give an example of what this is? Often times the term is used to describe favors that donors get from donating to those who hold political office.   Do you believe this is common in the city you live in?

3. List some examples of legal vs ethical in business

4.Read the following articles and state your opinion on them: https://www.bbc.com/news/stories-51332811 (Links to an external site.)

 Or

https://www.cnbc.com/2019/08/16/ceos-see-pay-grow-1000percent-and-now-make-278-times-the-average-worker.html

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  1. Definition of Inflation – Price goes up.   So, explain why prices going up can be both good and bad for you personally?

Inflation is often characterized as increasing prices of goods. When all prices of goods and services are rising, it affects me badly as it reduces my purchasing

This question is taken from BUS 001 – Introduction to Business » Spring 2022 » Discussion