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Yea of course....its due to economic growth goods and services are produced at large and hence fight the problem of scarcity as everyone will be able to consume goods
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How does the mixed economy solve the basic economic problem?
A mixed economy solves the basic economic problems in various ways. For instance the challenge of what to produce is resolved through price mechanisms.
How does the government try to promote economic strength?
The best way the US government can promote economic strength is through innovation. Innovation creates ideas, solves problems, and develops jobs for future generations.
One of the major issues in macroeconomics is disagreement in the debate over policy activism versus policy rules What exactly is that disagreement Any implications?
This disagreement stems from differing views on government intervention in the economy. Policy activism requires that the monetary and fiscal policy be used in such a way as to improve the economy. This type of reasoning dates back to Keynes, who believed that the economy sometimes needs government help to avoid stagnation. Policy rules require instead that the government use such things as a constant-growth-rate policy so as to accommodate economic growth, but not to attempt to stimulate it. In other words, the economy is best left to its own devices, and government intervention causes more problems than it solves.
Does money cause more problems than it solves?
Quite often, especially if you don't know how to manage it or deal with taxes.But it does solve problems that poverty brings.
Why do some people believe that a mixed economic system solves basic economic problems?
It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be a degree of high efficiency (due to the private sector involvement) and social welfare too (due to the public sector involvement).It allows the Government to intervene when the economy faces market failure. The mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the EU Competition Commission, are able to correct for these failures. If this had been a completely free economic system, Government agencies wouldn't have the means of power to be able to intervene. Furthermore, if it was a centrally planned economic system (communist systems), the Government wouldn't have any drivers behind the intervention which may cause government failure for the market. (Mobeen Iqbal, Bahrain)Government bodies are an amazingly consistent display of their failure to utilize resources efficiently. In fact because they do not face monetary profit or loss, they have no idea if what they are doing is efficient. Questions such as what is an acceptable time for people to wait for medical treatment are unable to be answered efficiently by government, and people suffer for their failures. Extreme examples include North Korea when compared to South Korea - there is no difference between the two countries except for the choice of South Korea to all more freedoms to their people. Governments create propaganda of 'market failures' which typically can only be defined as the price being higher than in the past, so they can 'intervene' to be able to provide an excuse for their existence, and to gain power at the expense of individuals. Societies that have greater government interventions such as regulations, subsidies, taxes, etc, are much worse off economically than those with less interventions.
What is a that cell division solves the problem of cell growth?
cell division increases the mass of the original cell.
What is the problem money solves?
Money solves a lack of double coincidence of want,
How Islamic economic system solves their economic problems?
i dun no.... i want to find it. but.... i dun get it..
How does the mixed economy solve the basic economic problem?
A mixed economy solves the basic economic problems in various ways. For instance the challenge of what to produce is resolved through price mechanisms.
Moles of As in Na2HAsO4.7H2O?
Much appreciated if the problem solves.
What is a name for a person who solves every problem?
A polymath.
What problem was solves by the first emperor of china?
Flooding
Write about the invention that solves a problem for many people Tell why you think the invention is a good one?
The cellphone solves a problem for many people. It allowed communication wherever, whenever.
How does max solve Kevins problem?
He solves kevins problem by helping him out and being his friend
What does resolution mean when reading?
Possibly a statement that solves a problem or explains how to solve the problem
Which screening criteria of step two of the seven step problem solving solves the problem and is considered to be legal and ethical?
step two of the seven step problem solving model, which screening criteria solves the problem and is considered legal an ethical
Who solves my love problem?
'You' solve your love problems with the help of your 'beloved'.
