Explain significance of price in free market economic system
September 17, 2022
Explain significance of price in free market economic system1. 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 nations 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 system6. 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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