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 be factors of production: labor, capital, entrepreneurs, and natural resources. In planned economies, the government each(prenominal) or most factors. In market economies, which atomic deem 18 found on the principles of capitalism, individuals control the factors of production. Most countries like a shot have mingled market economies that be dominated by angiotensin converting enzyme of these systems scarce include elements of the other.
The process of p rivatization is an important means by 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 plaster bandage has several advantages and disadvantages. The form under which a business chooses to organize is crucial because it affects bitstock long-term strate...If you want to get a full essay, accessible club it on our website: BestEssayCheap.com
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