Type of economic system


Answer the following question:

Question 1: What type of economic system lies between capitalism and communism? Explain why it is more effective than other economic systems

Question 2: Discuss the positive aspects of globalization, and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address the pros and cons of outsourcing in your response.

Question 3: How do downsizing and outsourcing influence the number of small businesses?

Question 4: Identify the four Ps of marketing, and give an example how each of the four Ps can be used to market your favorite product or service

Please provide explanation.

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Finance Basics: Type of economic system
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