Essays on Free Competition

In a lecture presented by Dr. Samuel Gregg of the Catholic University of America Washington, entitled, “How can Liberty and Solidarity Address the Problem of Crony Capitalism?” he sought to explain the dangers of crony capitalism and the possible solutions entrenched within the Catholic’s teachings on liberty and solidarity. Accordingly, he first defined the concept of crony capitalism. Afterwards, he emphasized the danger of such concept when it thrives in a nation’s economy. The main danger, according to Gregg, is that crony capitalism diminishes that create power of every individual in the society, by limiting the opportunity for free ...

Essay

The free market system (capitalism) and a command system (communism/socialism) The economy of any country functions as an independent, a large system, which includes many different activities. Different economic systems of the world differ in their ideologies, as well as in their approach to solving the problems of the economy. The main elements of the economic system are the socio-economic relations, organizational forms of economic activity, the economic mechanism and specific economic relations between economic actors. In the past two centuries diverse economic systems acted in the world. Among them are clearly distinguished the two market system - free market ...

Business

Abstract This research paper will focus on government contracting and it strives to maximize opportunities in its acquisition to small business. The law that will be applied for the study is the Federal Acquisition Regulations or FAR part 19, on small business programs as well as the respective roles of executive agencies and the Small Business Administration (SBA) in implementing the programs. At the same time, there will be an extensive discussion on the coordination that will support the growth of small business, and how the efforts of Small Business Administrations or the SBA help boost the economy ...