Economics Take Home Exam

$19.95

Add to cart
Essay #: 055089
Total text length is 4,205 characters (approximately 2.9 pages).

Excerpts from the Paper

The beginning:
Economics Take Home Exam
ABSTRACT
This is a take home exam that answers three economics based questions. The first question pertains to capitalism, the second to the manner in which an understanding of rationalization or
McDonaldisation
, helps us to understand life and the final question relates to consumption and production.
QUESTION NO: 1
What do major theorists highlight as the key features of contemporary capitalism?
1) Expansion of social welfare state 1930s-1960s
2) Crisis (1970s) and retrenchment (1980s)
QUESTION NO: 2
How useful is rationalization/
McDonaldization
for understanding the world we live in? Rationalization or
McDonaldization
is a specialised version of Max Weber’s theory of the social process. This theory of...
The end:
.....ve become predictable to the point that it becomes routine and mundane, mechanized as he refers to it. We always try to control every aspect of our lives and career and never leave anything to chance which further seems to take away the beauty of life.
Based on the information that has been provided above it is apparent that his theory of rationalization holds very true in modern life and understanding the theory makes us better understand life and how there is a set formula for everything and how we include calculability and control in every formula and receive efficiency and predictability in return and vice versa.
QUESTION NO: 3
Causes and consequences of mass production/ consumption
Services
Franchising
Government: subsidies
Environment