Culture, Economic, Political, Environment

One paragraph is good for each question:

  1. Discuss the principles of capitalism. Give at least 3 principles.
  2. Discuss the principles of democratic systems. Give 5 principles and use an example to explain each of these principles.
  3. Compare and contrast between Individualism and Collectivism. Which of the 2 forms is superior and why?
  4. What are the international business implications of operating in a ; A. democratic system. B. Authoritarian system.
  5. A. Discuss in details the 4 distinctive characteristics of culture.
    B. Give an example for each of the characteristics and its impact on the tourism business.
  6. How country’s political stability has a direct impact on foreign hospitality operations? Give 3 examples in your answer.

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