January 19th, 2020 
1. Explain the main differences between market-based economies and command economies. Give examples with pros and cons of each economy. Exactly what do governments in true command economies control?
2. The U.S. Economy has been described as a market economy and sometimes a mixed economy? Which one is it? Discuss.
3. What are the main requirements (ingredients) for the spread of entrepreneurship and innovation in an increasingly global economy?
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