You and two friends have identified a gap in the market in your hometown for work-from-home  business clothing. This clothing is functional, comfortable and looks smart in online conferences and  meetings. You decide to start a new business designing and manufacturing the clothing.  Identify and critically discuss the economic system you would prefer your business  to operate in. Justify your choice.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter2: Economic Systems And The American Economy
Section: Chapter Questions
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You and two friends have identified a gap in the market in your hometown for work-from-home 
business clothing. This clothing is functional, comfortable and looks smart in online conferences and 
meetings. You decide to start a new business designing and manufacturing the clothing. 

Identify and critically discuss the economic system you would prefer your business 
to operate in. Justify your choice.

 

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