Explain significance of price in free market economic system
1. Describe and provide examples of four different strategies for reaching global markets, 2. When describing the state of the U S economy, reporters often refer to the nation’s GDP, its unemployment rate and the CPI. Explain what each of these terms means and why each measure is significant. 3. Describe at least 3 ways that government can foster entrepreneurship and encourage the creation of wealth. 4. Identify and describe the 4 basic rights that form the foundation of capitalism. 5. Explain the significance of “price” in a free market economic system 6. Identify and discuss the social responsibilities of a firm to the four stakeholders described in your text – customers, investors, employees and society.
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