Economic Critical Thinking Response Paper Assignment | Online Assignment

Answer the following questions. Answers should be 2 or more pages, (single spaced, Times New Roman 11 font, 1 inch margins). State your argument up front. Be clear about the points used to elaborate your argument. Use evidence to support each point. Citations are encouraged (use author, year, page; include bibliography).

1. Explain how an institution can emerge without the intention of any particular person who participates in the emerging institutions. Provide at least two examples. Throughout your presentation, explain how and why entrepreneurship is fundamental to the development of an institution.

2. Under what conditions can entrepreneurship be productive? Under what conditions can entrepreneurship be destructive? Provide an example for each. Explain why the actions of the same entrepreneur might be productive in one context and destructive in another.