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Respond to the following questions:

Many would argue that in a capitalistic economy, the government cannot provide goods and services as efficiently as the private sector. For example, most arguments for and against the Affordable Health Care Act center on the efficiency of the government in managing and operating a health care system. Do you think the government can provide goods and services to the public as efficiently as or better than the private sector? Support your conclusions with examples and applications.

In a free-market economy, firms face some degree of uncertainty or risk. Some of this risk is controllable, and some are not. Identify the different types of risks that a business might encounter in the marketplace and identify whether they are controllable or uncontrollable. How can a business incorporate risk into the decision-making process?

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019

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