Marketing 1. A. An economic system is a nations system for completely toldocating its resources among its citizens. economic systems differ in terms of who owns or controls the intravenous feeding elementary factors of production: labor, capital, entrepreneurs, and natural resources. In planned economies, the political sympathies all or most factors. In market economies, which be found on the principles of capitalism, individuals control the factors of production. Most countries today meet conflate market economies that are dominated by iodin of these systems but include elements of the other.
The pr ocess of privatization is an important means by which many another(prenominal) of the worlds planned economies are pitiful toward motley market systems. 2. A. The most common realises of business self-control are the sole proprietorship, the partnership, the cooperative, and the regular corporation. Each form has some(prenominal) advantages and disadvantages. The form under which a business chooses to organize is important because it affects twain long-term strate...If you want to get a honest essay, orderliness it on our website: OrderCustomPaper.com
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