Imagine you are a local business person who has to deal with outsourcing. You want to      begin with the facts. How many jobs have been lost to outsourcing in your      area? Are there any foreign firms in your area that are creating jobs      (insourcing)? Consider using the Internet to help you find the data you      need.

Conduct research using the internet, social media applications, or  chamber/business groups to find five businesses that provide services in      your area in a domain of interest. List those businesses and, for each,      describe how social trends might affect them in both positive and negative      ways. Be prepared to explain your descriptions.

U.S. Supreme  Court ruled that cities could have school voucher programs that give money directly to parents, who could then choose between competing schools,  public or private. The idea was to create competition among schools. Like businesses, schools were expected to improve their services (how effectively they teach) to win students from competitors. The result would be improvement in all schools, private and public, to benefit many students.

Do you believe economic principles like competition apply in both private and public organizations? Defend your answer.

1. Are there other public functions that might benefit from more competition,  including competition from private firms?  What key things would       lead you to exclude certain kinds of business?

Many people  say that business people do not do enough for society. Some students      choose to go into the public sector instead of business because they want      to help others. However, business people say that they do more to help      others than nonprofit groups do because they provide jobs for people      rather than giving them charity. Furthermore, they believe businesses      create all the wealth that nonprofit groups distribute.

1. Find the  middle ground in this debate and show that both business people and those       who work for nonprofit organizations contribute to society and both need    to work together more closely to help people?

How could you  use the concepts of Adam Smith to help illustrate your position?