The modern approach to studying these systems diverges from the extremes of capitalism and socialism while studying four essential components of all economic systems; structure, market and plan, control and income and finally incentives. ... Organizations are needed in economic systems to establish regulations, coordinate interaction and enhance cooperation so that problems can be avoided. ... Hence, organizations are needed to correct these problems and the two extreme types of organizations are hierarchies and associations. ... Organizations often face the principal-agent problem in whi...

• Word Count: 4711
• Approx Pages: 19
• Has Bibliography
• Grade Level: Undergraduate

Proposal Type of study -Overlooking contrasting approaches to a historical personality, issue or event -How has history been constructed and recorded over time? ... This sphere of interest became more specific and eventually led to a study of inconsistencies regarding historical justifications of Khrushchev's dismissal of war hero Marshall Zhukov. ... The main problem with this subject was the difficulty in ascertaining the beliefs and schools of history of individual historians. ... A further study of this change revealed major inconsistencies on the causes of the Great Proleta...

• Word Count: 4647
• Approx Pages: 19
• Grade Level: Undergraduate