Business

• In a mixed market economy, the private sector largely determines what goods and services are produced, how resources are allocated, and how profits are distributed, but the government plays a significant role in regulating economic activity.
• Barter is the exchange of goods and services without the use of money
• production is the use of raw materials and transforming them in some way to produce goods and services
• traditional economy is the type of economy to provide for their own needs and needs of their family
• A democratic leader involves all people in decisions
• With laissezz-faire leaders, employees are hardly left to make decisions on their own
• An advertisement is a notice or announcement in a public medium promoting a product, service, event or business
• types of advertisement include informative, persuasive and competitive
• competitive ads aim to get customers away from competitors by highlighting what makes your company better than others