Whether an individual consumer really have voice in answering the basic four economic questions mentioned. Introduction: A mixed economy comprises of both privately owned businesses and government or state owned entities. Both have authority of owning, producing, trading products in the nation. A capitalist economy is combined generation and utilization of goods and services when privately owned businesses claim the manufacturing factors and contract laborers to play out the primary tasks of the organizations.

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The elements of the marketing strategy

Answer 1

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Chapter 1, Problem 2DQ

Summary Introduction

To determine: Whether an individual consumer really have voice in answering the basic four economic questions mentioned.

Introduction: A mixed economy comprises of both privately owned businesses and government or state owned entities. Both have authority of owning, producing, trading products in the nation. A capitalist economy is combined generation and utilization of goods and services when privately owned businesses claim the manufacturing factors and contract laborers to play out the primary tasks of the organizations.

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