problem 1a define the concepts of, Business Economics

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problem 1a define the concepts of

Problem 1:

(a) Define the concepts of production-oriented capitalist system and market-oriented capitalist systems.

(b) With set examples, explain how these firms behave differently in those 2 different capitalist systems.

Problem 2:

With set examples explain the importance of culture in the business environment.

Discuss the advantages and disadvantages of Regional Economic Communities.

"Globalisation has led to the erosion of political boundaries in the today's world." Discuss, backing your views with examples, how far the above statement is true with regards to mobility of people.

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Business Economics: problem 1a define the concepts of

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