Lesson 3.3 Homework Forum

Cheng

Cheng

by Xuanyu (Cheng) Cheng -
Number of replies: 0

Here's a more concise version of your points:


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**1. Political Systems**


**Democracy:**

- **Pros:**  

  - Political Freedoms  

  - Responsive Governance  

  - Innovation and Creativity  

- **Cons:**  

  - Slow Decision-Making  

  - Populism  

  - Risk of Majority Tyranny


**Communism:**

- **Pros:**  

  - Equality  

  - Collective Decision-Making  

  - Strong Social Welfare  

- **Cons:**  

  - Centralized Control  

  - Risk of Authoritarianism  

  - Economic Inefficiencies


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**2. Economic Systems**


**Market:**

- **Pros:**  

  - Lower Prices through Competition  

  - Freedom of Choice  

  - Encourages Innovation  

- **Cons:**  

  - Inequality in Opportunities  

  - Profit-Focused  

  - Can Widen Wealth Gap


**Mixed:**

- **Pros:**  

  - Balance of Choices and Competition  

  - Innovation with Some Regulation  

- **Cons:**  

  - Inequality Still Present  

  - Can Be Complex


**Command:**

- **Pros:**  

  - Equal Access to Goods  

  - Stable Economy  

- **Cons:**  

  - Limited Choices  

  - Less Innovation and Incentive


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**3. Time Zones and International Business:**  

Different time zones affect global communication and collaboration, limiting when businesses can connect in real time.