With the aid of some examples, write a short essay (minimum 400 words) on how di

With the aid of some examples, write a short essay (minimum 400 words) on how different economic systems, different social norms and a different set of business regulations can create very different business and social incentives.
There are a lot of different things to consider here, but just as an example, consider how an economic system characterized by respect for property would have a fundamentally different incentives for production and trade than one which automatically assumes that all resources are common property. Similarly, a heavily regulated business environment, where businesses face detailed regulations on their employment practices, on manufacturing processes, and on the conduct of trade, etc., will have very different implications for the incentives facing businesses than a regulatory environment that emphasizes economic freedom.
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