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A traditional economy is based on customs, religions, and beliefs. I think that a traditional economy would impact the use of resources in a negative way. Being that my company is a technological business, it would not succeed or get the resources it needs in a traditional economy because it wouldn't get the technology it needs to succeed.

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In a free market economy the law of supply and demand decides what resources Terrific Tech Services needs instead of the government. If the supply and demand of new technology or technological supplies is really high than a free market economy might impact my business in a negative way.

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In a command economy the government would make the decisions regarding the resources that my business would need. This might affect what capital resources that we are able to use. If the government has a say, they might impact the building and the technology in the store.

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The two major capital resources that we would need are a building to have Terrific Tech Services in and the computers and technology required in order to keep the business running. Another capital resource would be a phone in order to help a customer with their problem over the phone if needed.

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A natural resource that my business may need is energy or electricity to power the computers, lights, chargers, or any technology in the building is needed.

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The human resources needed in order for terrific Tech Services to be successful are employees that have a degree in computer science or some kind of technology related degree. We need people who are very educated in technology and can help with any technology related issue.

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We will be located in Minneapolis Minnesota near the University of Minnesota. I chose to have Terrific Tech Services near the university because I believe that most of our customers would be people doing online school or college students. Other businesses are doing business online as well and having TTC in an urban area would draw a lot of customers in.

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Terrific Tech Services will provide you with all the tech services you may need. This may include fixing a computer, device, or simply help you with an internet question. We will also sell technology related tools, such as chargers, new parts, and much more. With specialized technology oriented employees we will help you with any technological problems you may have.