What three ways can understanding the different economic systems in the world help your business?

(a)  

If you want to establish a business in a market you should know what about the economic system?

(a)  

What is an economic system?

(a)  

Economic systems are built on what four fundamental functions?

(a)  

Why are economic systems important for business owners?

(a)  

A heavily regulated economy can limit what?

(a)  

What are the four types of economic systems?

(a)  

What dictates supply in traditional and command economies.

(a)  

In contrast, the amount of products produced is based on consumer demand in what type of economies?

(a)  

In a traditional economic system, where are skills acquired and what does it ensure because the community produces everything it consumes?

(a)  

In a traditional economic system, what isn’t a priority, and

what do citizens use to acquire goods from each other.

(a)  

In a traditional economic system, there’s little access to what and no what?

(a)  

In traditoinal economic system, overall, what drives this economy, and takes precedence over everything?

(a)