Assignment:
Q1. As political systems change, economic systems follow. What does this statement mean?
Q2. How does a centrally-determined economy differ from a market-driven economy? Explain.
Q3. What are the benefits of privatization? Why will the trend toward privatization continue?
Q4. Why are government–business cooperative efforts beginning to increase? What benefits do they offer?
Provide complete and step by step solution for the question and show calculations and use formulas.