Question: What implication does this profile have for marketing opportunities in the country? i need this question answer The seven criteria for describing a nations economy

What implication does this profile have for marketing opportunities in the country? i need this question answer

The seven criteria for describing a nations economy introduced at the beginning of Unit 2 can be combined in a number of different ways. For example, the United States can be characterized as follows:

1. Type of economy: Advanced industrial state

2. Type of government: Democracy with a multiparty system

3. Trade and capital flows: Incomplete free trade and part of a trading bloc

4. The commanding heights: Mix of state and private ownership

5. Services provided by the state and funded through taxes: Pensions and education, but not health care

6. Institutions: Transparency, standards, low corruption, a free press and strong courts

7. Market: Free market system characterized by high-risk/high reward entrepreneurial dynamism

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