The resources a business needs to be successful

Define business. (5) points
What are the resources a business needs to be successful? Explain each resource. (20) points
Who are the stakeholders in a business? (5) points
Explain the term “visible hand”. (20) points
Explain a market economy. (10) points
Explain command economy. What are the types? (20) points
What are the common measures used to evaluate a Nation’s Economic Health? (10) points
Explain monopolistic competition. (10) points
Explain oligopoly. (10) points
Explain monopoly. (10) points