please answer all the questions ",$,,""",",","within 30 minutes. make sure the explanation and reasons are explained in very detailed manner as in why the option is correct and why other options sre incorrect give reasons for the same , Attempt the answer only if your are 100% sure that its correct. else leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and is not copied from anywhere. ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.

1. What is a Economic System and how does a Free Market differ from a Communist Economy? 2. What "pre-conditions" indicate a basis for consistent growth within a market economy 3. Define a mixed economy and explain how a government may intervene in economic decisions? 4. Define and explain Gross National Product? 5. Define and explain Gross Domestic Product? 6. What "second-order indicators" do managers study, to understand economic performance and potential? 7. What is inflation and describe at least two scenarios that cause inflation to occur? 8. Describe how inflation impacts consumers, and explain how does the government combats inflation? 9. What is Poverty and how does Poverty impact economic development? 10. Explain what the unemployment rate represents and describe how the misery index is determined