Russian Steel |
Economics |
Prepared for Politburo |
By Anatoly Keritsky, CEO of Russian Steel |
|
11/13/2009 |
|
Table of contents
Cover Page ………………………………………… 1
Table of contents ………………………………………… 2
Task 1 ………………………………………… 3
Task 2 ………………………………………… 6
Task 3 …………………………………………
Task 4 …………………………………………
Task 5 …………………………………………
Referencing …………………………………………
Task – 1
Resources
Resources mean country’s labour, machinery and raw materials. These resources are in limited edition. There are not enough in amounts for all businesses to use whenever they need. There is one economic problem in the society that is how to reunite the conflicts between people’s practically limitless desires for goods and services, and the scarcity of resources with which these goods and services can be produced. (Begg and et al, 2003) In this case also, we have to allocate to the dearth of resources to produce steel, whether we have to allocate to the free market or to the communist when the market is not exist. Below are some advantages and disadvantages of free market and communist market. We can distinguish which market is the best and the most suitable for the steel market.
Free market
According to Begg and et al (2003), markets in which governments do not intervene are called free markets. This type of economies has many advantages and disadvantages aspects.
Advantages of free market
In free market, all the tasks that would be undertaken by the sellers and buyers are free. There are no intervention forces to the selling and buying process. If the sellers and buyers have agreement between what they want to sell and buy, they can do with no disturbances. They can increase the quantity of...