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"Should similar systems of free enterprise, would their most likely LONGEST TERM outcomes be forms of a permanent worker democracy of communism"
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The free enterprise economy is characterized by monetary sovereignty, altruistic exchange, private chattels and choice of getting maximum profits in the business. People decide ways in which they earn and use their funds they get in the business. Most successful countries that have strong and stable economy apply free enterprise economy system, as it is the world’s leading economic structure. Consequently, should similar systems of free enterprise degenerate; I think that their longest term outcomes will be forms of a permanent worker democracy of communism. There are two factors to be noted before it becomes a realism Firstly, every person should be literate and exceptionally knowledgeable, since communism system does not need ignorant, selfish, and greedy individuals. It is established that communism works better among individuals who are aware of the benefits of an exemplary leadership and concerned with assisting the common individuals. Consequently, informed leaders who have the skills of leading a country to a successful economic progress can be good in ruling a communist country.
Secondly, I think individuals ought to be satisfied with whatever they own instead of wanting to augment themselves; hence, larceny public wealth. Leaders are expected to reach a personal satisfaction that is immeasurable in order to make outstanding leadership. It is difficult for innumerable personalities, since it requires leaders to get satisfied with the positive impacts they put in when governing a country instead of what they gain. Leaders should be able to measure their level of happiness without considering or comparing their happiness with the happenings of the surrounding environment. People should learn to be contented with whatever they have, to achieve social maturity and work harder to ensure that favorable competition prevails through their efforts they put in work.
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This system is characterized by stimulation of production through profit motives, competition and natural forces of demand and supply. In this system, the government has negligible enterprise ownership within the market place. The government has minimal interference in this system in the form of limited trade restrictions (Elijah 41).
It is characterized by economic freedom, exchange that is voluntary and freedom of profit motive. Free enterprise can otherwise be defined as individualistic democracy, which means that it protects the rights of citizens by making laws that govern everyone and help maintain the social orders.
Enterprise Systems are integrated software tools used by large corporations to increase productivity, attain a homogenous system and to save on cost of implementation. Not all software tools or computer based tools can be called an enterprise system, common tools or common software that can be used across all divisions of a large corporation is called an enterprise system.
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Recently, the concept of Enterprise systems has deeply extended due to availability of huge range of additional processes. (Mayerhofer) For example, Performance management. Planning and analysis Supply chain management. Customer relationship management. Product development.
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