NOTE: Pick one of the following topics and write an essay (w

NOTE: Pick one of the following topics and write an essay (word limit 800-1000 words).Instructions: Citations and “quotes” from course texts are required. These must include theauthor and page number, e.g. “certain cultural forms of life…must be instilled in people in orderto reproduce these alienated social relations” (McNally, p. 114). It would be best to start yourshort answer with a quote from the text most centrally connected to the term. Each answer mustbe followed by a word count (e.g. word count= 187). For a guide to doing this, see here. Attach abibliography at the end in either MLA or APA format. Part I: Terms NOTE: Write one paragraph per term, on 5 of the terms below (word limit 200-250 words)Instructions: Using at least one of the course texts, define the following terms or concepts inrelation to one of the authors (clearly identify which one) discussed in the course and explaintheir meaning and significance in relation to a social issue of importance to the study of businessand society. Use a creative reading or scene from one of the films watched in lecture, in additionto the social scientific text, to provide illustrations of the concepts. The terms are attached.Part II: EssayNOTE: Pick one of the following topics and write an essay (word limit 800-1000 words).Instructions: Citations and “quotes” from course texts are required. These must include theauthor and page number as above. You will need to begin your essays with a proper introduction,including a thesis statement. Draw on at least four of the readings covered in the winter term(you can refer to fall term readings in addition to these), pay specific attention to identifying anddefining central concepts, and provide illustrations from the lectures, tutorial, and films. Followyour essay with a word count (e.g. word count= 876 words). 1. Does capitalism promote or undermine individual freedom? Compare and contrastFriedman and McNally on their respective conceptions of capitalism, individual freedomand the relation between them. Use Le Guin to illustrate your understanding of theseopposing views.2. Is the age of leisure and abundance within reach? What are the optimistic and pessimisticscenarios outlined by Keynes? What are the four futures outlined by Frase? In your view,which is most likely, and which most desirable? 3. Should the corporation have legal and ethical obligations to society beyond promotingthe private interests—maximizing profits—of shareholders? Compare Friedman’s critiqueof the doctrine of social responsibility with Glasbeek’s. Use Garrett and Steinbeck toillustrate these arguments. I will provide you the regarding readings to write the terms and the essay.