1. What is the difference between a market economy and a planned economy?
2. Explain how managers of Alibaba, eBay, Amazon.com, and other online retailers might view the concepts of supply and demand.
3. What economic indicators would a business owner be most likely to watch, and why?
4. Does Jack Ma’s success increase or decrease your confidence in a capitalistic system based on private enterprise?
5. Should there be more government intervention in the markets and business dealings? Why, or why not?

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The difference between a market economy and a planned economy is how the market is organized In a market economy the entire function is to take in use and dispose of the goods and services of individu... View the full answer