PBS3233: International Business Assignment, KPTM, Malaysia The economic system in the world refers to the way in which countries organize their economies to allocate
University | Kolej Poly Tech Mara (KPTM) |
Subject | PBS3233: International Business |
The economic system in the world refers to the way in which countries organize their economies to allocate resources, produce goods and services, and distribute them among their citizens. There are several types of economic systems, including capitalism, socialism, communism, and mixed economies. The choice of the economic system depends on a country’s political, social, and historical circumstances.
One of the most prominent economic systems in the world is capitalism, which is characterized by private ownership of the means of production, free markets, and competition. The United States is often cited as an example of a capitalist economy, where the government intervenes to a limited extent and market forces determine the allocation of resources. However, there are other countries that have adopted different economic systems, such as China, which is a socialist market economy.
Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.
China’s economic system has evolved over the past few decades, with the government gradually liberalizing the economy and introducing market-oriented reforms. However, the state still retains significant control over the economy, with state-owned enterprises playing a dominant role in key sectors such as energy and telecommunications. The Chinese government also regulates the flow of capital and currency exchange rates and has implemented policies aimed at boosting domestic consumption and reducing the country’s reliance on exports.
In contrast, the Nordic countries, such as Denmark, Norway, and Sweden, are known for their social welfare systems, which are based on a mixed economy model. These countries have high levels of taxation and government spending, which are used to fund universal healthcare, education, and social security programs. The private sector is also active in these countries, and competition is encouraged through policies that promote entrepreneurship and innovation.
Stuck in Completing this Assignment and feeling stressed ? Take our Private Writing Services.
Get Help By Expert
The PBS3233: International Business assignment requires a deep understanding of global market dynamics and international trade. If you're feeling overwhelmed, Assignment Helper MY is here to lend a helping hand. Our experienced writers can guide you through the complexities of the subject and assist you in producing high-quality individual assignments.
Recent Solved Questions
- CSS3133: Knowledge Management Assignment, UOW, Malaysia DDS Technologies Sdn. Bhd. is an up-and-coming information technology services company in Malaysia
- ELC501: English for Critical Academic Reading Case Study, UiTM, Malaysia The COVID-19 pandemic has led to a dramatic loss of human life worldwide and presents an unprecedented challenge
- Customers enter the waiting line at a cafeteria’s only cash register on a first-come, first-served basis: Optimization Technique Assignment, UMP, Malaysia
- With the current growing populist rhetoric in the western democracies such as the U.S.A: International business Assignment, HWU, Malaysia
- Research and Project Management Report, OUM, Malaysia Rajah 1 menunjukkan lukisan isometri bagi satu bongkah. Lukiskan secara manual saiz penuh bagi bongkah
- UGB264: Business Ethics, Responsibility, and Sustainability Report, UOS, Malaysia Examine and discuss the key challenges around corporate responsibility, relating directly to the ethical stance
- Innovation management and new product development Assignment, APU, Malaysia Discuss the growth strategies in Ansoff s Matrix that can be opted to Influence the growth of the newly developed product
- General information about the organization (Short company profile. May include Vision, Mission: Strategic Human Resources Management Assignment, SU, Malaysia
- TCC238: Structured Programming Course Work, WOU, Malaysia C program comprises all codes needed for the compilation and execution of a runnable system
- CWP3014: Evaluate the current suggested Gifted Education system requirements and discuss what are the variables: Introduction to Web Design Assignment, UOW, Malaysia