global political environement

Question 1

Explain how property rights can be violated?

Answer 1

• Property rights can be violated in two ways—through private action and through
  public action.
• Private action refers to theft, piracy, blackmail, and the like by private
  individuals or groups.
• Although theft occurs in all countries, a weak legal system
  allows for a much higher level of criminal action in some than in others.
• Public action
  to violate property rights occurs when public officials, such as politicians and
  government bureaucrats, extort income, resources, or the property itself from
  property holders.
  Public action
  to violate property rights occurs when public officials, such as politicians and
  government bureaucrats, extort income, resources, or the property itself from
  property holders.
  It can also be done through illegal
  means, or corruption, by demanding bribes from businesses inreturn for the rights to
  operate in a country, industry, or location.

Question 2

There are three broad types of economic systems-a market
economy, a command economy and a mixed economy. Please discuss main
features of these three economic systems, explain the roles of market,
government, monopolist and private ownership in these systems,

Answer 2

Market economy
In a pure market economy, all productive activities are privately owned, as opposed
to being owned by the state. The goods and services that a country produces are not
planned by anyone. Production is determined by the interaction of supply and
demand and signaled to producers through the price system. Further explanation:….
For a market to work in this manner, supply must not be restricted. A supply
restriction occurs when a single firm monopolizes a market. Further explanation:….