Discuss types of economic systems


Question 1: Considering the elements of microeconomics, create a list of three (3) best practices that would benefit any small business or start-up. Explain your rationale.

Question 2: Discusses three (3) types of economic systems: capitalism, planned economies (socialism and communism), and mixed market economies. Create and describe a fourth type of economic system and explain why it would be better than the other three (3). Please be as creative as you like.

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Microeconomics: Discuss types of economic systems
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