1. Comparative economic systems
Thus, the creation of new economic entities and organizations reduced the significance of existing traditional systems and gave way to new systems. ... Hence the modern approach defines economic systems in terms of organizational features, which basically refers to the system of communication within groups. It also examines incentives, mechanisms for providing information as well as the amount of control and income participants of a system have. ... Two types of problems that could arise from the lack of organization are technical-administrative which refers to one's incapacity to ma...
- Word Count: 4711
- Approx Pages: 19
- Has Bibliography
- Grade Level: Undergraduate