Description

Explain what determines the level of economic development of a nation.Identify the macropolitical and macroeconomic changes occurring worldwide.Describe how transition economies are moving toward market-based systems.Explain the implications for management practice of national difference in political economy. Action Required:The purpose of this interactive activity is to demonstrate your understanding of the concepts learned lessons by responding to discussion questions. Test your Knowledge (Question): Discuss how an economy can shift toward a market-based system.