Please answer the questions:1.Why is it important to understand CORPORATIONS as a tool to understand the global economy?2.“The proliferation of the corporation as a framework to organize business is detrimental to societal cohesion; it shifted the beneficiaries from society STAKEHOLDERS to corporate SHAREHOLDERS”. Do you agree with this statement? Why, why not?3.According to “Historical Materialism”, why is it insufficient to study the INDIVIDUAL as a means to understand society/the economy? Why should we also analyze the system of PRODUCTION and EXCHANGE?4.One way of differentiating between classes is the distinction between MAKING the surplus product and TAKING the surplus product. Discuss how classes “make” and “take” the surplus product in the following economic systems: Slavery, Feudalism, and Capitalism.
