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(Introduction)
Associate to Advance the Collegiate Schools of Business. (The Lamar University business program accreditation)
No
b. The dominance model – A favorite of populists.
c. The countervailing forces model – Based on the idea of pluralism.
d. The stakeholder model – A favorite term in managerial ideology (i.e. AACSB)
Two Types of business ideologies?
Traditional: Newer, smaller, poorer
Managerial: Older, bigger, richer
cycle of economic activity usually consisting of recession, recovery, growth, and decline (commonly called the boom-to-bust cycle)
Is important because the currency amount buys less as inflation increases.
It has not existed in the US since the "New Deal of 1930".
What are the 4 pillars of laissez-faire capitalism?
2. competitive markets
3.private property
4. economic freedom.
Economic system
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