Reference no: EM133402044
Question 1. Explain how Apple has expanded globally over the past several decades and achieved a competitive advantage. Explain the benefits and costs for the actual business and other parties affected both negatively and positively as a result of economic growth in a particular country.
(Environmental costs, job creation, loss of jobs as a result of relocation offshore or technological changes, increase in gross domestic product, technological innovation, new products, increasing consumerism.)
Explain who benefited the most as a result of the economic growth in the country, who has benefited the least, and who is most likely to benefit in the future? Who is least likely to benefit in the future?
Question 2. Explain the ideas of the following economic theorists: Adam Smith and Karl Marx, and assess the extent to which they influence current economic thought.
Explain differences among Adam Smith and Karl Marx regarding government intervention in the economy? Explain how each economist attempts to respond to poverty? Explain how Canada is influenced by Keynesian ideas.