Pick any country you so desire and write the economic system of the particular country. Quantitatively, different countries have different amount of information. There is no limit on the number of pages for the term paper. I do however expect an excellent research paper (10-15 pages, but not more than 20 pages). This is to be double spaced and 12 or 14-point font size. Any format, APA or MLA is a
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Pick any country you so desire and write the economic system of the particular country. Quantitatively, different countries have different amount of information. There is no limit on the number of pages for the term paper. I do however expect an excellent research paper (10-15 pages, but not more than 20 pages). This is to be double spaced and 12 or 14-point font size. Any format, APA or MLA is acceptable.
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EXCERPT OF THE PAPER
Economic
systems are means by which countries and governments distribute resources,
trade goods, and services.it is a system of production, resource allocation,
exchange and distribution of goods and services in a society or a given
geographic area. Economic systems are used to control the factors of production
including; labor, capital, entrepreneurs, information resources and physical
resources. Financial system may also refer to the laws that determine who owns
economic resources. The United States economy is made up of individual people,
social and labor organizations and business groups (Silberberger, M &
Königer, 2016).
People
have many different economic roles (2007). They function as investors, workers,
consumers, and savers.in the US people also vote on public policies and for
political leaders who set up policies that have major economic effects. The
most prominent organizations in the US are businesses that produce and
distribute goods and services to consumers. Labor unions that provide which
provide collective bargaining with employees are also an important kind of
economic organization. A wide range of nonprofit organizations including
charity groups and educational organizations also provide services to families
and groups with other interests and problems (Dallago, B., & Mittone, L.
2007).
Economic systems
differ majorly in who owns the elements of production, how the resources are
used and the method used to direct the economic activities. The difference
between various systems is the degree to which the government participates in
the economy. There are four different types of economic systems in the world
including, traditional, command, market and mixed economies. For most parts,
the US economy is a mixed economy whereby individual producers and consumers
determine the types of goods produced and the prices of those products. The
most basic economic institution is a market in which goods and services are
bought and sold.
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