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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1206 |
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An example is Iraq. From the above, we can see that political systems typically create the infrastructure within the economic system functions.
Economic systems. There are three broad types of economic system. In a market economy, the production of goods and services is not planned but is determined by supply and demand...
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Prices rise and fall in tandem to demand and supply situations. Private ownership is predominant. Any restriction in-terms of supply can be in the hands of a single or a few firms. In this way, it can be detrimental to consumers. Governments are concerned about monopolies and some countries have laws to prevent restrictive business practices (eg the anti-trust laws in USA)...
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Multiculturalism as lived experience enriches our lives. But multiculturalism as a political ideology has helped create a tribal Britain with no political or moral centre. (Kenan Malik, The Times ,16th. July, 2005).
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