Marketing 1. A. An economic system is a nations system for bothocating its resources among its citizens. scotch systems differ in terms of who owns or controls the four underlying factors of production: labor, capital, entrepreneurs, and natural resources. In planned economies, the government all or most factors. In market economies, which argon make up on the principles of capitalism, individuals control the factors of production. Most countries today have conflate market economies that are dominated by one of these systems anyhow include elements of the other.
The process of privatization is an impor tant means by which legion(predicate) of the worlds planned economies are moving toward switch over integrity market systems. 2. A. The most common spend a pennys of production line 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 both long-term strate...If you want to stay a full essay, tack together it on our website: BestEssayCheap.com
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