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international business

1. Explain the main differences between market-based economies and command economies. Give examples with pros and cons of each economy. Exactly what do governments in true command economies control?

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2. The U.S. Economy has been described as a market economy and sometimes a mixed economy? Which one is it? Discuss.

3. What are the main requirements (ingredients) for the spread of entrepreneurship and innovation in an increasingly global economy?

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