is it easy to run a bussnies in a market ecomoy?
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05-24-2014, 08:12 PM
Post: #1
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is it easy to run a bussnies in a market ecomoy?
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05-24-2014, 08:18 PM
Post: #2
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It's definitely easier to run a business in a market economy then it is to run one in a command economy. In a market economy, people are given the freedom to create businesses without the control of a central authority (the government). In a command economy, there is a central authority that decides what businesses are made based on their desired consumption and production. Although running a business in a market economy may be challenging due to the array of competition, it is much easier to start it up and you have a good chance of making it successful as long as you draw out a good business plan and do plenty of research beforehand. Hope this helps!
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