Marketing Essentials

Section 1: What Is an Economy?

After You Read Online Action

Reviewing Key Terms and Concepts

1. A solid infrastructure, which includes good roads and bridges, reliable utilities such as electricity, telecommunications, and so on, is necessary if a country is to produce necessary goods and services for its people.
2. The three categories are traditional, command, and market.
3. The free enterprise system (market economy).

Integrating Academic Skills

4. 36,873,504; 290,342,554 X .127 = 36,873, 504
5. Answers will vary; You should demonstrate an understanding of socialism. You should review the case study on the reunification of Germany in this section before composing your questions.