Question

Imagine that you are the CEO of a company and you want to expand to another country. Which of the three National Economic Ideologies: (Communism, Socialism, or Capitalism), would you want that country to have?

In your answer, identify which of the three National Economic Ideologies you would pick 1st, 2nd, and 3rd and why?

Answer 1

As being a CEO of the company i would suggest to expand the business in a Capitalist country,

because the owner controls the factor of production.The owners of business in this country have the control over their business and have less government interference as a result the owner of the business in the capitalist country have the major control over their business.The main motive of the profit Maximization will be achieved and the market runs on the law of supply and demand.The company will try to sell at maximum profit with a minimum cost possible.

Hence, the business will expand and profit maximization which is the main motive of the company will be achieved