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Business Administration & Management

Business Administration & Management. Mr. Bernstein Notes, pp 63-65 Types of Economic-Political Systems March 10, 2014. Business Administration & Management Mr. Bernstein. Capitalism AKA Free Enterprise or Market Economy Citizens are Free to Own Property of Their Choice

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Business Administration & Management

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  1. Business Administration & Management Mr. Bernstein Notes, pp 63-65 Types of Economic-Political Systems March 10, 2014

  2. Business Administration & ManagementMr. Bernstein Capitalism AKA Free Enterprise or Market Economy Citizens are Free to Own Property of Their Choice Citizens are Free to Operate Business Ventures of Their Choice

  3. Business Administration & ManagementMr. Bernstein Socialism Government Controls the Factors of Production (Natural Resources, Labor, Capital and Entrepreneurship) “Mixed Economy” because some private ownership is allowed

  4. Business Administration & ManagementMr. Bernstein Communism Government Controls Nearly All the Factors of Production (Natural Resources, Labor, Capital and Entrepreneurship) “Command Economy” Relatively Few Successful Nations

  5. Business Administration & ManagementMr. Bernstein Modern China “Mixed Command” Economy?

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