Brian has just finished college. He wants to set up a small business to make and sell fireworks. He registers his company and ac
quires a license from the government. He finds that most of his competitors are selling fireworks at an extremely low price. He would like to make more money, so he decides to innovate and develop better fireworks. He sells his fireworks at a higher price, and they are a huge hit with the customers. After a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. He even starts exporting fireworks overseas. Which type of economy does this scenario describe?
In the market economy, the type and price of a certain product would be completely driven by the the amount of supply and demand in the market. People in market economy had the right to choose the type of job or goods that they want to produce and tend to be benefited by inventing a new products that well liked by the market.
In everyday situations, people obey orders because they want to get rewards, because they want to avoid the negative consequences of disobeying, and because they believe an authority is legitimate. ... People justify their behavior by assigning responsibility to the authority rather than themselves.
We can protest in order to be heard or put posters around to spread the idea of togetherness. We can use propaganda to further support our claim and ask other big corporations to help support our cause.
