Economic Systems and Market Methods

Economic Systems and Market Methods

1. Complexity

2. Dynamism

3. Interdependence

4. Global business environment

   • Developed countries
     • high income levels, extensive industrial- ization, advanced techno- logical infrastructure, and high standard of living.
   • Emerging economies
     • Economies in transition
   • Developing economies
     • gener- ally have low income levels, slight industrialization, incom- plete infrastructure, and lower standards of living.

5. Moderators of Economic Development

   • Politic/Legal
   • Economic
   • Cultural

6. Economic Freedom

   • right to work, produce, consume, save, and invest in the way that one prefers.

7. Economic Systems

   • Organizes the production, distribution , and consumption of goods and services
   • Market economy
     • capitalism
   • Mixed
     • Government and private (socialism)
   • Command
     • Government (Comunism)

8. Monetary Measures

   • Gross National Income (GNI)
   • Gross Domestic Product (GDP)
   • Gross National Product (GNP)

9. Economic Analytics

   • Rate of economic growth
   • Population Size
   • Purchasing Power Parity

10. Sustainability

    • Green economics
    • Net National Product (NNP)
    • Genuine Progress Indicators (GPI)
    • Human Development Index (HDI)

11. Stability

    • Your Better Life Index (YBLI)
    • Gross National Wellness Index (GNWI)
    • Happy Planet Index (HPI)

12. integrating economic analysis

    • The global competitiveness index (GCI)
    • Global Innovation Index (GII)
    • The World Competitiveness Index (WCI)
    • Where.To-Be-Born (WTBBI)