Help Please.. 4. Market vs. Centrally Planned Economy. Lastiy, I want you to con
ID: 1134699 • Letter: H
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Help Please..
4. Market vs. Centrally Planned Economy. Lastiy, I want you to consider the world we live in. Can you think of a single centrally planned economy nowadays? The biggest difference between these two economies is that market economies self-regulate. This means that the free market will create businesses, and where there is demand, there will be proft. In centrally planned economies the government simply decides how much to produce in what sector, basically killing entrepreneurship. Discussion question: Tell us an idea that you would have for a business in a new market. It can be something completely new, or an old idea with a twist. But thereneeds to be a twlst, For instance, a good answer at the end of the 1990's would've been pet rocks. On paper it doesn't sound like a great idea, but the guy that made them actually got quite rich. Another good idea, a couple of years afterwards was Paypal. You might not have known this, but Paypal's founder was Elon Musk, who later founded Tesla. He sold Paypal for $1.5 billion US dollars in 2002. If you don't have any ideas you'd like to share, feel free to look for recent startups (2010+) and tell us about their product.Explanation / Answer
Well, an idea that can be used in the future is the ANTI HACKING SOFTWARE, just suppose if your PC is basically attacked by a hacker and instead of being robbed you have an ANTI HACKING SOFTWARE and that can keep you safe in this case.
Now the question arises why we need this ANTI HACKING SOFTWARE, although we have an antivirus?
An antivirus only protects you in some cases but not in all the cases just like the WANNA CRY RANSOMWARE virus most of the Computers were affected, and what if the ANTI HACKING SOFTWARE HAS MORE THEN THAT:
What if an ANTI HACKING SOFTWARE is designed so that it can track the location of the hacker and automatically sends it to the cyber security cell by preparing a detailed report about it, and also if the virus is of a greater extent than the ANTI HACKING SOFTWARE can lock down your hard drive, so that the data can be safe in that case.
That was the idea, that can be used in the future, because in future everything will be attached to the internet and there will be more chances of fraud, and if we have an ANTI HACKING SOFTWARE in the future that would be really great.
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