What is the Benelux economy?

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The Benelux was formed as an economical union between Belguim, Netherlands and Luxembourg. Since these countries are also the co-founders of the European Community it has not so much economical significance anymore.
These days it is more seen as a cultural community.
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What is an economy?

carefull management of avalable resources Economy is the resources and wealth of a region or culture in termsof consumption or production of services and goods.

What does Benelux mean?

BENELUX Is short for Be lgium Ne therlands and Lux embourg (the first letters of each country) This was a http://wiki.answers.com/Q/What_does_BENELUX_stand_for&isLookUp=1# group of countries pre the European Union .

Capital of the benelux countries?

Brussels, Belgium, is the capital and central administrative pillarof the Benelux Economic Union. It comprises of three neighboringcountries in mid-western Europe: Belgium, the Netherlands andLuxembourg.

What does BENELUX stand for?

BENELUX is short for Be lgium Ne therlands and Lux embourg, a trading group of countries before the European Union.

What are Micro economy and macro economy?

Micro economy is the study of the micro units of market economy of supply & demand of goods & services that are market forces to determine price of a commodity. Macroeconomy is the study of the aggregate goods & services -total production of the nations economy-equlibrium level of income & emplo (MORE)

Which economy is closer to US economy?

The US economy is closest to a capitalist economy system, although the US has been known to implement a few socialist policies (like more government intervention)

What types of culture are the Benelux Countries known for?

The Benelux Countries have many cultures and museums that differdepending on the area and culture of the people that live in thatarea,so there isn't a defintite answer to that question unlesstheir is a specific area you are wondering about.

Is Indian economy an underdeveloped economy?

An underdeveloped economy is defined as an economy which has got unexploited natural resources and unutilized human resources. In other words, it is an economy, having a potentiality to grow. An underdeveloped economy shows the following features: (a) In the underdeveloped countries, natural resourc (MORE)

Are the Benelux Countries landlocked?

Of the three countries which make up the Benelux, Be lgium, the Ne therlands and Lux embourg, only Luxembourg is landlocked (by Belgium, France and Germany).

Why are most economies mixed economies?

Because a pure capitalist economy is too egoistic, and a pure planeconomy is too inefficient. Because they really really can't do it alone. For diversity and to not put your eggs in one basket.

What ties exist among the benelux countries?

History, mainly. They were one country from 1815 until 1830, when Belgium split off, and in 1890 Luxembourg split off from the Netherlands. Before that the three countries had histories that intertwined a lot with eachother, but there have always been many differences between the north and the south (MORE)

When was benelux formed?

The three countries formed a customs union in 1948, and in 1958 they signed the Treaty of the Benelux

Did modern supranationalism in Europe began with the creation of Benelux in 1944?

Not really. Although the Benelux Union was formed in 1944, it was not until 1955 that supranationalism was present, when a Benelux Parliament was formed. The European Coal and Steel Community was formed in 1952. When the ECSC was formed, it had several aims, one of which was to become the first supr (MORE)

What was the Benelux trade union?

the benelux trade union were the small countries of belgium, the Netherlands , and Luxembourg joined together to form it. :D love u peoples

What is economies and dis-economies of scale?

Reduction in cost per unit resulting from increased production , realized through operational efficiencies . Economies of scale can be accomplished because as production increases, the cost of producing each additional unit falls.

What languages are spoken in Benelux?

Benelux is an economic block of three countries: Belgium, Luxembourg and the Netherlands. As such, the languages of Benelux are the official languages of these countries, and the official minority languages of their regions. These would be:. Dutch (Belgium and the Netherlands). Frisian (the Nether (MORE)

What languages are spoken in the Benelux Countries?

Holland: Dutch. They also talk Frisian in the province Friesland. In the west they sometimes talk a dialect of Low Saxon. Belgium: Dutch, French and a bit German. Also dialects like Flemish, Walloon and Limburgish. Luxembourg: Luxembourgish, French and German. They all talk English very well.

Chinas economy is known as a what economy?

China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy

Why is market economy the best economy?

A free market economy can be argued to be the best type of economy because it encourages private ownership of business. In other words, people make money for themselves, and whatever they make is theirs. There is lots of incentive to work because the more you work, the more you get in return of that (MORE)

What does the economy have to do with?

The economy involves the sale and the purchase of goods and services, and all of the complex consequences and ramifications of those sales and purchases.

What are the Benelux countries of Western Europe?

Be lgium, The Ne therlands and Lux embourg. Be lgium, The Ne therlands and Lux embourg. Be lgium, The Ne therlands and Lux embourg. Be lgium, The Ne therlands and Lux embourg. Be lgium, The Ne therlands and Lux embourg. Be lgium, The Ne therlands and Lux embourg. Be lgium, Th (MORE)

Is Canada's economy a good economy?

Yes. Canada's economy is similar to that of the United States, with several differences. . In terms of financial systems, Canada has a far more stable banking system than the US, in terms of banking regulation. The Canadian banking system has much less speculative risk. As a result, Canadian bran (MORE)

Is Latvia's economy a capitalist economy?

Latvia is quite a capitalist economy. It has a small welfare stateand flat taxes. It is a business friendly and open economy.Compared to continental Europe there are less regulations, but lessredistribution of wealth leading to quite high number of poorpeople. Privatization of old communist industry (MORE)

Capital of Benelux?

Benelux is a collective name for three different countries,Belgium, Netherlands and Luxembourg. They each have their owncapital cities, so there is no capital of Benelux.

What are economies?

Economy means the financial and industrial system of a country. Economy consisted of 3 things. The 3 things that the economy has is production, distribution or trade.