Marketing 1. A. An economical system is a nations system for entirelyocating its resources among its citizens. economic systems differ in terms of who owns or controls the four introductory factors of production: labor, capital, entrepreneurs, and natural resources. In planned economies, the government any or most factors. In market economies, which be consideration on the principles of capitalism, individuals control the factors of production. Most countries today have multi act upon market economies that are dominated by one of these systems merely include elements of the other.
The process of privatization is an importan t means by which more than of the worlds planned economies are moving toward gain market systems. 2. A. The most common wee-wees of business ownership are the sole proprietorship, the partnership, the cooperative, and the regular corporation. Each form has several advantages and disadvantages. The form under which a business chooses to organize is crucial because it affects some(prenominal) long strate...If you want to get a full essay, determine it on our website: BestEssayCheap.com
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