The seven criteria for describing a nations economy

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The seven criteria for describing a nation's economy introduced at the beginning can be combined in a number of different ways.

For example, the United States can be characterized as follows: Type of economy: Advanced industrial state Type of government: Democracy with a multiparty system Trade and capital flows: Incomplete free trade and part of a trading bloc The commanding heights: Mix of state and private ownership Services provided by the state and funded through taxes: Pensions and education, but not health care Institutions: Transparency, standards, no corruption, a free press, and strong courts Markets: Free market system characterized by high-risk/high-reward entrepreneurial dynamism Use the seven criteria found on pp. 40-41 to develop a profile of one of the BRIC nations, or any other country that interests you.

What implications does this profile have for marketing opportunities in the country?

Reference no: EM131283768

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