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Economic Challenges Facing Global and Domestic Business - page 2 / 24

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Distinguish between micro-economics and macroeconomics.

Explain the factors that drive supply and demand.

Describe the four types of market structures in a private enterprise system.

Compare the three major types of economic systems.

Identify and describe the four stages of the business cycle.

Explain the factors that affect the stability of a nation’s economy.

Discuss how monetary and fiscal policy are used to manage an economy’s performance.

Describe the major global economic challenges of the 21st century.

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