BMGT discussion 1

Learning Activity #1This week a point was made in the readings that business is about change. One significant change that has occurred in business is the legalization of marijuana. Once illegal, many states have legalized the use of marijuana. Below is a list of companies that sell marijuana. Scotts Miracle-GroCanopy GrowthGW PharmaceuticalsAphriaMedReLeafInsys TherapeuticsSprottCanniMed TherapeuticsUsing your research and the course material to support the ideas and conclusions presented:Explain the relationship between business, government and society.Depict this relationship by researching one of the companies and explain how the business is regulated.Research how the federal government and state government regulates companies that produce marijuana products.Explain how the actions of the specific business and the government influences society?Learning Activity #2Review the table below. Items across the top row in purple represent economic topics, while items in the blocks below in black represent factors.Complete the following tasks:Explain the difference between microeconomics and macroeconomics.Discuss each economic topic and identify whether the economic topic is relevant to microeconomics or macroeconomics and explain why.Select one factor from two of the economic topics and explain how the factor exemplifies the economic topic.Only respond to classmates who have chosen at least one different economic topic than what you presented.Use the course material to support the ideas presented. You are not using external source material to answer this learning activity.Balance of TradeSupply and DemandCompany Use of Scarce ResourcesEmploymentGDP Health IndicatorsUS selling wheat to AustraliaSelling human organs on the black marketCredit card interest ratesAging populationDecrease in Federal interest ratesApple’s relationship with Foxcomm to produce iPhonesWorkers not willing to work for minimum wageFreezing weather in FloridaHealth InsuranceA upturn in the housing rateBuying coffeeGas prices when hurricane destroys several US offshore platformsBlue crabs from the Chesapeake BayWage stagnationMortgage interest ratesSelf-Plagiarism: Self-plagiarism is the act of reusing significant, identical or nearly identical portions of one’s own work. You cannot re-use any portion of a paper or other graded work that was submitted to another class even if you are retaking this course. You also will not reuse any portion of previously submitted work in this class. A zero will be assigned to the assignment if self-plagiarized. Faculty do not have the discretion to accept self-plagiarized work.