Professional Documents
Culture Documents
International Business
Strategy, Management & the New Realities
by
Cavusgil, Knight and Riesenberger
• Totalitarianism
• Socialism
• Democracy
In market economies,
• Decisions are largely left to market forces, the
interaction of supply and demand.
• Individuals and firms are main decision-makers.
• Government intervention is limited.
• Associated mainly with Capitalism
* * * * * * * *
A key difference between civil law and common law is that
common law is mainly judicial in origin and based on court
decisions, whereas civil law is mainly legislative in origin and
based on laws passed by legislatures