4. Globalization Listed from the book Pros: Cons: Lower Prices Wage pressure Greater availability of goods Poor working conditions Better jobs Less regulated environments Access to technology Competitive edge
5. Globalization What our team thinks Pros: Cons: Most importantly: International competition Most importantly: Loss of character More innovation Human rights Social welfare Quality of products National relations
10. Globalization : Good or bad idea? http://www.youtube.com/watch?v=eVZ3_JC3434&feature=related
11. Market Economy Exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices. What countries are considered market economies …
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13. Command Economy The organization, or government, has explicit control over the price and supply of a good or service. What countries are considered command economies …
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15. Mixed Economy A combination of a market and command economy. What countries are considered mixed economies …
