I need an explanation for this Economics question to help me study.
1) In your opinion, is capitalism viewed positively or negatively in our nation? Why do you think this is the case?
2) If you were to draw the market for food during the Chicago snowstorm, would a surplus or shortage exist? What should happen to price as a result? Is this what happened?
3) The article states, “though the underlying moral basis of Christianity and capitalism may contrast sharply, it can be argued that the outcome of an economic system based on capitalism has socially redeeming characteristics”.
What economic lesson related to these characteristics does Doti learn in the Chicago snowstorm?