Market-Directed Economy
Market Information Function
Economic System
Command Economy
E-Commerce
government officials decided what and how much is to be produces and distributed by whom, when, to whom, and why.
the way an economy organizes to use scarce resources to produce goods and services and distribute them for consumption by various people and groups in the society.
the individual decisions of the many producers and consumers make the macro-level decisions for the whole economy.
exchanges between individuals or organizations and activities that facilitate those exchanges-based on applications of information technology.
the collection, analysis, and distribution of all the information needed to plan, carry out, and control marketing activities.
