Globalization-The Different Type Of Global Economic Systems
Globalization-Global Economic Systems
For a firm to go global, it is imperative to study and understand the geography, economic development, market characteristics culture, and politics of the countries in which it wants to expand.
To understand global economics, we need to know that the economic systems in the world can be classified into three main types:
Centrally Planned Economy:
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Mixed Planned Economy:
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Market Economy:
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