Power Is an Essential Concept for Both Realism and Liberalism

question 60

Essay

Power is an essential concept for both realism and liberalism. How do these two theories consider power? In what ways are their views similar to each other? In what ways are their views different?

---

Definitions:

Firms

Business organizations engaged in offering goods or services to consumers, often characterized by the ownership structure and size.

Concentrated

Concentrated refers to a situation or market in which a few firms hold a large market share, leading to reduced competition and higher barriers to entry.

Industry X

A placeholder name used for referring to a specific but unnamed industry or sector in a generic context.

Industry Y

This term does not refer to a specific established term within economic or business contexts so it's considered as NO.