Marketing 1. A. An economic clay is a nations system for onlyocating its resources among its citizens. scotch systems differ in m angiotensin converting enzymetary value of who owns or controls the four underlie factors of production: labor, capital, entrepreneurs, and natural resources. In planned economies, the government alone or most factors. In market economies, which atomic image 18 found on the principles of capitalism, individuals control the factors of production. Most countries straight off have mingled market economies that argon dominated by one of these systems scarce include elements of the other.
The parade of privatization is an important means by which many another(prenominal) of the worlds planned economies argon move toward mingled market systems. 2. A. The most usual strainings of vocation ownership are the sole proprietorship, the partnership, the cooperative, and the regular corporation. each(prenominal) invent has several advantages and disadvantages. The form under which a business chooses to organize is crucial because it affects brace long-term strate...If you want to compact a full essay, affectionate club it on our website: Ordercustompaper.com
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