What are the four main types of economic system


Problem

i. What are the four main types of economic system? Explain in detail three of the economic system and give example.

ii. Huawei planned to market its product in a less developing countries. However, they are concerned whether the product would be successful in those countries. Explain five mistaken assumptions about the 'bottom of the pyramid' that need to be corrected, especially in the context of Huawei.

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