Ask Question
BusinessBusiness
21 January, 14:01

Distinguish between totalitarianism, socialism, and democracy. What are the implications of each for internationalizing firms?

+1
Answers (1)
  1. 21 January, 14:29
    0
    Democracy states that almost everyone can take part in the decisions of the company/country. Socialism is an economic concept that promotes social equality among people. Totalitarianism urges to regulate every part of one's life. Usually, it aligns with a strong leader that can be called 'a father of the nation'.

    The businesses led in each country would differ depending on the political situation. For instance, in a totalitarian society, your business can be easily grasped for the needs of the country if the ruling party/leader sees a profit in it. Your rights as a businessman and wholly a human being are suppressed. If the firm leads a business in a social-oriented country, it possibly needs to give a part of the income to the needs of the socially-vulnerable categories of population. Thus, your factual income will be lowered.

    In democratic countries, your business is to be secured, and you will be able to secure your rights as a businessman in a democratic law system.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Distinguish between totalitarianism, socialism, and democracy. What are the implications of each for internationalizing firms? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The Candle Shop experienced the following events during its first year of operations, 2016: (1) Acquired cash by issuing common stock. (2) Paid a cash dividend to the stockholders. (3) Paid cash for operating expenses. (4) Borrowed cash from a bank.
Answers (1)
We are going to choose either of Mary or Mark for the role of Scrum Master. Mary knows Scrum very well, but she's very young and has no real world experience. Mark doesn't know Scrum, but has eight years of experience in managing IT projects.
Answers (1)
The recession of 2007-2009 made many consumers pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve? A) This will move the economy up along a stationary aggregate demand curve.
Answers (1)
6. All of the following are reasons for frictional unemployment except: A) workers have different preferences and abilities. B) unemployed workers accept the first job offer that they receive. C) the flow of information is imperfect.
Answers (1)
Stewart inc.'s latest eps was $3.50, its book value per share was $22.75, it had 215,000 shares outstanding, and its debt-to-assets ratio was 46%. how much debt was outstanding?
Answers (1)
New Questions in Business
An important aspect of the market system is that producers and consumers always have to consider the public interest in making production and consumption decisions. TrueFalse
Answers (1)
Which one of the following statements is not true? a. A company using the periodic system does not maintain a continuous record of the physical quantities (or costs) of inventory on hand. b.
Answers (1)
A call center with access to customer credit reports selling customer data to an outside organized crime organization for the purposes of identity theft is an example of which form of attack method?
Answers (1)
What is the difference between a project's objectives and its deliverables? A. Deliverables are measurable outcomes of the project, whereas the objectives describe the overall goal the project hopes to achieve. B.
Answers (1)
In december 2015, apple had cash of $38.07 billion, current assets of $76.22 billion, and current liabilities of $76.09 billion. It also had inventories of $2.45 billion. A. What was apple's current ratio? B. What was apple's quick ratio? c.
Answers (1)
Home » Business » Distinguish between totalitarianism, socialism, and democracy. What are the implications of each for internationalizing firms?
Sign Up Forgot Password?