Define A Political System And A Legal System And Identify The Difference

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Define a political system and a legal system and identify the difference. Also define an economic system. Describe the basic types of political systems and economic systems. Relate the cultural identities of Individualism and Collectivism to the different types of political systems and economic systems. What is the biggest risk for an MNC operating in a host country’s political or economic system? Also, what laws could impact the operation of an MNC in a host country?

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