Describe and examine how a market economy allocates resource

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Explain with example: The success of a business will be closely influenced by the external environment, particularly the market economy

A) Explain with example: The success of a business will be closely influenced by the external environment, particularly the market economy.

B) Explain and examine how a market economy allocates resources and how a business needs to respond to the market.

Reference no: EM1337528

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