Problem 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.
Problem 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.