Marketing 1. A. An economic system is a nations system for onlyocating its resources among its citizens. economical systems differ in terms of who owns or controls the four key factors of production: labor, capital, entrepreneurs, and natural resources. In planned economies, the government all or most factors. In market economies, which atomic second 18 found on the principles of capitalism, individuals control the factors of production. Most countries now have mingled market economies that are dominated by unrivalled of these systems scarce include elements of the other.
The process of privatization is an important means b y which many another(prenominal) of the worlds planned economies are sorrowful toward mingled market systems. 2. A. The most common strainings of business ownership are the sole proprietorship, the partnership, the cooperative, and the regular corporation. Each constellation has several advantages and disadvantages. The form under which a business chooses to organize is crucial because it affects duet long-term strate...If you want to get a full essay, mixer club it on our website: BestEssayCheap.com
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