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 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 system6. Identify and discuss the social responsibilities of a firm to the four stakeholders described in your text – customers, investors, employees and society.