Video Case Study
Explain the role of capitalism in the 100-year growth of Nederlander Concerts. How does Nederlander benefit from each of the fundamental rights of capitalism?
1.Capitalism is a free market system, based on private ownership, economic freedom, and fair competition. This economic system creates great possibilities for economic growth and wealth for businesses, countries and societies. Nedrelander Concerts is one of the companies that had successful growth during the past 100 years by operating in the free market system. Let’s take a look at what the role of capitalism in their success is and how Nederlander benefits from each of the fundamental rights of capitalism.
Nederlander Concerts is a family-owned company located in LA, one of the two biggest markets in the concert industry. The right to own a business allowed Nederlader Concerts to start a business in the USA back in 1926. Being free to make choices on what to produce, Nederlander Concerts became an expert at producing and presenting the best concert events in small venues. The company owns and runs the Greek Theatre, the San Jose Civic and Barbara Bowl, which is supported by the right to private property. To be competitive in the concert industry, Nederlander has created their own practical economic model, which allows them to acquire top talent, delivers great concerts and keeps all parties (tickets buyers, artists, own team) satisfied. The right to keep after–tax profit allowed Nederlader Concerts to invest, to grow and to become one of the most respected, recognized and successful concert management companies.
In general, to succeed in the free market system, companies strive to attract the best resources and offer the best values to their customers, employees and suppliers. Nederlander venues are much smaller than popular stadiums but the company manages to attract famous artists and deliver spectacular shows while attaining a financial goal.
Why is Nederlander able to charge higher prices for
1.Capitalism is a free market system, based on private ownership, economic freedom, and fair competition. This economic system creates great possibilities for economic growth and wealth for businesses, countries and societies. Nedrelander Concerts is one of the companies that had successful growth during the past 100 years by operating in the free market system. Let’s take a look at what the role of capitalism in their success is and how Nederlander benefits from each of the fundamental rights of capitalism.
Nederlander Concerts is a family-owned company located in LA, one of the two biggest markets in the concert industry. The right to own a business allowed Nederlader Concerts to start a business in the USA back in 1926. Being free to make choices on what to produce, Nederlander Concerts became an expert at producing and presenting the best concert events in small venues. The company owns and runs the Greek Theatre, the San Jose Civic and Barbara Bowl, which is supported by the right to private property. To be competitive in the concert industry, Nederlander has created their own practical economic model, which allows them to acquire top talent, delivers great concerts and keeps all parties (tickets buyers, artists, own team) satisfied. The right to keep after–tax profit allowed Nederlader Concerts to invest, to grow and to become one of the most respected, recognized and successful concert management companies.
In general, to succeed in the free market system, companies strive to attract the best resources and offer the best values to their customers, employees and suppliers. Nederlander venues are much smaller than popular stadiums but the company manages to attract famous artists and deliver spectacular shows while attaining a financial goal.
Why is Nederlander able to charge higher prices for