\n<\/p>\n

<\/p>\n

\nEconomic Systems<\/strong><\/p>\n

Review the material on economic systems in Chapter Ten. Look at Figure 10.2 and answer the following:<\/p>\n

1) What are the differences between capitalism and socialism?
2) What are the differences between rational economics and behavioral economics?
3) Explain the US shift from the 1950s-90s rational economics to the 2010 behavioral economics?<\/p>\n

For additional information on this question, see the article, The End of Rational Economics, from Harvard Business Review (https:\/\/hbr.org\/2009\/07\/the-end-of-rational-economics<\/a>). <\/p>\n

This question needs to be answered with at least 250 words with references and intext citations. I have included the book, and you can include at least 1 outside sources. Please make sure you include the book Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2013). Business ethics: Ethical decision making and cases [9th edition]. Mason, OH: Cengage Learning. I am here if you have questions. This question will probably benefit from outside sources. Thank you in advance.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Economic Systems Review the material on economic systems in Chapter Ten. Look at Figure 10.2 and answer the following: 1) What are the differences between capitalism and socialism?2) What are the differences between rational economics and behavioral economics?3) Explain the US shift from the 1950s-90s rational economics to the 2010 behavioral economics? For additional information […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/267567"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=267567"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/267567\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=267567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=267567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=267567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}