Marketing Essentials

Section 1: What Is an Economy?

After You Read Online Action

Key Terms and Concepts

1. A solid infrastructure, which includes good roads and bridges, reliable utilities such as electricity, telecommunications, and so on, is necessary if a country is to produce necessary goods and services for its people.
2. The three categories are traditional, command, and market.
3. The free enterprise system (market economy).

Academic Skills

4. 36,873,504; 290,342,554 X .127 = 36,873, 504
5. Students should demonstrate an understanding of socialism. Encourage students to review the Case Study on the reunification of Germany in this section before they compose their questions.