Week+8

Intenational business book week 8 Read page 36 - 40; Complete questions on page 39 - 1 and 2 - Think Critically; complete page 40 - Review Global Business Terms; Review Global Business Concepts; Solve Global Business Problems; Think Critically. Read page 41-44. Do page 44; ONLY DO Review Global Business; Review Global Business Concepts;. Turn in at end of day. The Book; page 44; Solve Global Business Problems and Think Critically; Read page 45 and 46: Do the question on page 46- Think Critically; Complete questions on page 51, Review global Business Terms; Review Global Business Concepts; Solve Global Business Problem; Think Critically. p.39 1.an example is st fransis high school is a private school in watsonville 2.That some people cant afford privatizations p.40 1.factors of production-In economics, factors of production (or productive inputs) are the resources employed to produce goods and services. 2.economic systems-An economic system or œconomic system is a system that involves the production, distribution and consumption of goods and services between the 3.command economy-A planned economy or directed economy is an economic system in which the government or workers' councils manages the economy. 4.market economy-an economy that relies chiefly on market forces to allocate goods and resources and to determine prices 5.mixed economy-an economic system that combines private and state enterprises 6.privatizations-denationalization: changing something from state to private ownership or control 7.raw materials, labor, capital goods 8.what goods and services are to be produced? how should the goods and sevices be produced? for whom should the goods and services be produced? 9.private property, profit motive, free, conpetitive market place. 10.command economy 11.market economy. 12.mixed economy 13.mixed economy 14.market economy 15.I think that all the 3 factors are of the same importance 16.i would live in a communism cause the people own the property not the government