An international business must understand the economic system embraced by the host country and its implications. Moreover, there are powerful economic arguments in support of international trade and they provide a useful perspective on international business.
Research economic systems using your textbook, Argosy University online library resources, and the Internet. Respond to the following:
Which economic systems would be most suitable for a country: centrally planned, mixed economy, or market economy? Since Canada is the #1 trading partner with the USA, focus specifically on Canada. Research Canada’s mixed economy and comparing it to the American economy covering any comparative advantages of Canada. State any assumptions you make and give reasons for your position.
By the due date assigned, submit your assignment to the appropriate Discussion Area. Through the end of the module, review and comment on at least two of your peers’ responses. Be sure to respond to at least one peer who selected an economic system different from your choice.
Write your initial response in 300–500 words.