BUS 346 Chapter Notes - Chapter 5: Mixed Economy, Joint Venture, Planned Economy

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 346
• Professor: Ebru Ipek

Document Summary

Centrally planned: government ownership of economic resources and state planning. North korea - class 1 trade- government plans everything (north korea trades with china, and russia) Jim - bric countries, brazil, india, china, russia. China - trade is booming, more access to the world via internet, socialism in the country. China trade to africa, huge potential, dominated by chinese companies. Collective cultures and centrally planned economies are correlated. Commutist system are needed to high volume of people. Joint venture - two companies that work together to create an another company or entity that they have a 50/50 share. China and india has huge population, most are bottom of the pyramid, less than /day. Promoting india to be more connect and young it workers, visit fb. Red cross - take almost all of donations, only 1% of donations are used.