ADMN 3400H Lecture 1: Lecture 1

• School: Trent University
• Department: Business Administration
• Course: ADMN 3400H
• Professor: Horner Stephen

Document Summary

How does the market mechanism work to produce benefits for. What is the relationship between individual freedoms and. What kind of responsibility do we have for others. How does sharing in risks and rewards affect our quality. When do markets fail to produce optimal outcomes. When and how should governments intervene in their. Groups of three; some important functions who does what, and. Determine how individuals are compensated for their contributions to society. Determine what goods are available to members of the society. Specify what people can do with their property. Protect us from disease and provide cures when we get sick. Provide education in the skills and knowledge that enhance society.