Please answer briefly

Question N0 1: [08] The seven criteria for describing a nation's economy, for example the United States can be characterized as follows: P vvvv vv Type of economy: advanced industrial state Type of government: democracy with a multiparty system Trade and capital flows: incomplete free trade and part of a trading bloc The commanding heights: mix of state and private ownership Services provided by the state and funded through taxes: pensions and education, but not health care Institutions: transparency, standards, no corruption, a free press, and strong courts Markets: free market system characterized by highrisk/high-reward entrepreneurial dynamism Use above seven criteria to develop a prole of Pakistan. What implications does this prole have for marketing opportunities in Pakistan?|