What are some advantages and disadvantages of the free enterprise system?

What are some advantages and disadvantages of the free enterprise system? The lack of government control allows free market economies a wide range of freedoms, but these also come with some distinct drawbacks. Advantage: Absence of Red Tape. Advantage: Freedom to Innovate. Advantage: Customers Drive Choices. Disadvantage: Limited Product Ranges. Disadvantage: Dangers of Profit Motive. […]

What are some of the social costs of unemployment?

What are some of the social costs of unemployment? Studies show that lengthy periods of unemployment can lead to a loss of self-esteem, depression, and even suicidal behavior (endnote 1). The social costs of unemployment are a result of the economic and psychological effects. The unemployed tend to feel anger, frustration, and despair. What are […]

What happens when inflation increases?

What happens when inflation increases? (CPI) A rise in the inflation rate – means prices are rising at a faster rate. In the short-run, it is more likely the Central bank will increase interest rates to moderate the inflation rate. Savers who have fixed income may become relatively worse off. Inflation may also cause a […]

How is a presidential candidate chosen?

How is a presidential candidate chosen? To become the presidential nominee, a candidate typically has to win a majority of delegates. It’s then confirmed through a vote of the delegates at the national convention. But if no candidate gets the majority of a party’s delegates during the primaries and caucuses, convention delegates choose the nominee. […]

How are sound waves described and what psychological aspects do they correspond to?

How are sound waves described and what psychological aspects do they correspond to? Sound waves are changes in pressure generated by vibrating molecules. The physical characteristics of sound waves influence the three psychological features of sound: loudness, pitch, and timbre. Loudness depends on the amplitude,or height, of sound waves. The greater the amplitude, the louder […]

What did Alfred Adler believe?

What did Alfred Adler believe? Adler believed that we all have one basic desire and goal: to belong and to feel significant. Adler developed the first holistic theory of personality, psychopathology, and psychotherapy that was intimately connected to a humanistic philosophy of living. What is Adler’s individual psychology theory? Individual psychology, body of theories of […]

What did the election of 1828 demonstrate?

What did the election of 1828 demonstrate? What did the presidential election of 1828 demonstrate? The new political parties were strongly sectional in their sources of strength. Which political theory postulates that the Union is a compact among the states and that a state has the right to override a federal law? What was significant […]

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top