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Briefly explain how marketers play a significant role in our view of the world and how we live in it. Give a specific example.
American Market Economy
An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with minimal government intervention.
Government Planning
The process by which a government sets priorities, establishes goals, and devises strategies to achieve economic, social, and political objectives.
Voluntary Actions
Behaviors or actions undertaken by choice or will without external coercion.
Civil Society
The realm of organized social life that is voluntary, not-for-profit, and outside of the government, which can include NGOs, clubs, and other nonprofit entities.
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