Summarize the economy of Germany in these aspects of the economy for business ba

Question

Summarize the economy of Germany in these aspects of the economy for business based on the United States of America's economy: (Local Industries, Mission and Strategic Outlook, Principle Local Competition, Cultural-Communication Link, Corporate Culture, Are Businesses able to Grow/Expand?, Business Stability?, Political/Governmental Risks, Solvent for Businesses currently?)

In some European Countries, labor bargaining is informal and often a verbal agreement is valid as long as or until someone wants to renegotiate. This is true That is just crazy talk. That could never happen. O This is false

Explanation / Answer

Answer: Correct answer (C), US economy is regarded as the main centre of capitalistic system. Hence as comparison to the France and Germany, US govt has lesser role in the economic system. Hence we can say that European countries have more govt owned firms or undertaking.

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