Lets look at how the Global Economy impacts your decisions about product selection and development

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What is meant by the term economy?

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Identify the factors of production as they relate to this project.

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How will you answer the three basic economic questions during this project?

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Refelct on the differences between market economies, comman economies and mixed economies.

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How would your approach to this project differ in each economic system?

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Describe the different economic philosphies and how they would impact this project.

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Identify your economic resources for this project, be specific

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Explain how Scarcity could impact your decisions for productions, advertising, distribution, etc.