Economic Systems and Comparative Advantage

Assignment 1: Discussion—Economic Systems, Comparative Advantage

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.

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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.

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