1. The comparison and contrast of ‘state capitalism’ and ‘market capitalism’
There are about two capitalistic means in keeping monopolistic capitalism. One is 'state planning like monopoly, cartel'. Another is 'collective relations like Soviet union'.
The reason that state capitalism is associated with the Great Depression is state capitalism happened because of the Great Depression.
The Mid-19th Century
: Difficult Political and Social Circumstances
Reasons for lack of development
1. The incomplete accomplishment of the industrial revolution
2. The lack of political ties
3. The dramatic loss of the last Spanish Colonies
Correspondents’ Centre
: the first Spanish news agency by Fabra
Fabra’s encounter with Havas
; Agreement (Fabra offered news
51. Celler-Kefauver Antimerger Act : This act, passed in 1950, made it illegal in certain circumstances for a firm to merge with another by purchasing its assets. This strengthened the Clayton Act.
셀러-케파버 반합병법 : 1950년에 통과된 법령으로 특정한 상황에서 한 기업이 다른 기업의 자산을 구매하여 합병 하는 것을 불법으로 만들었다. 이것은
state
Systems of taxation that generatesenormous revenues
The Republic of Venice
A maritime republic
Stable political entity governed bya small oligarchy of merchant & aristocrats
Commerce and trade broughtinternational power
The Republic of Florence
Located in the region of Tuscany
de’ Medici family took controlof the ruling oligarchy
Through lavish patronage and careful cou
Under capitalism, man exploits man; under communism, it is opposite.
☞ The key goal of the communist movement
The abolition of private ownership of the ‘means of production’ such as factories and machines.
☞ Why?
They believed that it was the reason for the ‘wasteful’ anarchy of the market.
However…..
The planned economy based on state ownership of enterpris
Political democracy inevitably contains the system of social inequality.
However democracy in detail contains the participation of majority in which the disadvantaged have real voice in society.
Hence democracy is possible only if there exists an institutional separation between the realm of politics and system of inequality.
Real Democracy only if based on overall distribution of power
C
2. Government office inheritance system
This system which was passed from Korea Dynasty to Chosun Dynastry, enabled sons and grandsons of government officials to become government officials as well, without taking the examination for the government officials positions. Government officials wanted to inherit their power to their sons which became one of the main motives for the creation of the sy
9. What is the superstar phenomenon? What factors create superstars in certain occupations and not in others?
슈퍼스타 현상은 미국 시카고대의 셔윈 로젠교수가 이름 붙인 것으로1등은 엄청난 보상을 받는 반면 차점자는 훨씬 작은 보상을 받는 승자독식(勝者獨食)현상을 이르는 말이다. 이러한 현상이 나타나는 이유는 스타
1. Abstract
This project is conducted by team 8 of Microeconomics class in KAIST. The objective is to analyze the item market of Cyworld using concepts and tools that we learned from the class. Cyworld is one of the biggest web communities and its profits are heavily dependent on the item market.
To collect data on the current status of the firm and how customers would react to the new system
1.Opening discussion!
Have you ever been to hospital?
Everyone has experiences to go to hospital.
Let’s share the experiences about process.
Privatization?
To sell a business or an industry so that it is no longer owned by the government.
The methods of privatization
1. To sell the estate or stock which is public property.
2. Turn the state monopoly into free competition and prom