“Exploring the Intersection of Political Economy and Ethics: Evaluating Economic, Political, and Legal Systems and Their Impact on Business”

Chapter 3: Political Economy and Ethics
Economic, Political, and Legal Systems
Please answer these questions for a 0.2 bonus.
• Pros and cons of a free market economy?
• Pros and cons of a command economy?
• Pros and cons of the mixed economy?
• Should the government regulate any aspects of the economy, and if so, which ones? 
• What are the different types of political ideologies? Pros and cons of different political ideologies?
• Pros and cons of different legal systems?
• You want to expand your business to other countries. What challenges are you likely to face due to ethics differences?