Economics is the study of how wealth is created and distributed” (Pride, Hughes, & Kapoor, 2019, p. 13). As
your text further describes, wealth is “’anything of value’, including goods and services produced and sold by
business” (p. 13). Economic foundations of business play a very important role in how business is conducted
throughout the world.
For this week’s discussion, compare and contrast the major economic systems as discussed in section 1-3 of
your textbook and discuss why most countries are not purely one system, but are a “mixed economy”.
Reference
Pride, W. M., Hughes, R. J., & Kapoor J. R. (2019). Foundations of business (6th ed.). Boston, MA: Cengage
Sample Solution
