What is the Benelux economy?
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.
These days it is more seen as a cultural community.
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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.
Its an economic union of Belgium, the Netherlands, and Luxembourg, originally established as a customs union in 1948.
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 .
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.
It is an economic union of Belgium, the Netherlands, and Luxembourg, originally established as a customs union in 1948.
No the Benelux countries are Belgium, Netherlands, and Luxembourg. The BE, NE, and LUX comes from letter from each country
BENELUX is short for Be lgium Ne therlands and Lux embourg, a trading group of countries before the European Union.
Belgium, Luxembourg and the Netherlands all have the standard blue EU registration strip on number plates.
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…yment of resources in national economy(dwells into inflation, unemployment, GDP). Microeconomics is more focused on individual market businesses and their actions in accordance with income-supply and demand as price theory. (MORE)
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)
Benelux is just a term referring to the economic union of the neighboring countries of Belgium, the Netherlands, and Luxemborg in Northern Central Europe.
The Benelux countries are made up of Belgium, the Netherlands andLuxembourg. These countries are among the most densely populated inEurope.
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.
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…es remain unexploited and underexploited due to various reasons. Systematic utilisation of natural resources alone can lead to -economic development. (b) An underdeveloped country is basically a primary producing country, engaging its factors of production to produce only raw materials and foodstuffs. The percentage of population engaged in. agricultural sector is very high (70% in Indian context) and a major part of total national income comes from agriculture and activities allied to agriculture (around 30% in India). (c) In case of UDCs, the scarcity of capital is both the cause and effect of low productivity and underdevelopment. Due to scarcity of capital, a better technique of production cannot be adopted in India due to undeveloped technology total volume of production and productivity is low. Due to low production and productivity, level of income is less, and consequently, less amount of capital is available to adopt better technique of production. Thus, poverty is both the cause and the consequence. (d) A chief feature of an UDC like India is its high population pressure. The high birth-rate and low death-rate are responsible for a break-neck rise in Indian population. At present, the annual growth rate of population according to 2001 census stands at 2.13%. This rapid growth of population stands as an obstacle in the smooth development of the economy. (e) UDCs are characterized by low per capita income and grinding poverty scenario. In India, the per capita income is less than 1/3 of the per capita income of the developed western countries, and, according to the revised estimate of the Planning Commission about 50% of the total populations in India live below the poverty line. (f) The underdeveloped countries are also characterized by widespread unemployment, underemployment and disguised unemployment. In India large numbers of people engaged in the agricultural sector are underemployed or disguisedly unemployed, apart from the large number of white- coloured unemployed, existing in the register of Employment Exchanges. (g) The underdeveloped economies are also backward in the field of human resources. In these countries, the quality of people as productive agent is very low. There is low labour efficiency, lack of entrepreneurship and economic ignorance. People being illiterate are guided by blind beliefs, customs and traditions. People become fatalists and believe that man's fortune is decided by fate and not by one's own efforts. (h) In these economies, there is a lack of infrastructural facilities like transport, banking, health, power, education and information technology. People also adopt an outdated technique of production which results in low productivity. To sum up India as ah underdeveloped economy is characterized by abundant, but unexploited natural resources, a high population growth rate, a slow rate of capital formation, an outdated technique of production, and a low standard of living, accompanied by continuous and sustained efforts to raise it through a proper utilisation of available natural, human, financial and entrepreneurial resources. In this context, the term 'economic development has to be defined as launching a measure against the triple enemies of Indian economy, namely, hunger, ignorance and epidemics. The planners of the country have tried to solve these problems and to accelerate the pace of economic development under various Five Year Plans. (MORE)
The term is applied correctly only to Netherlands; but generally Belgium and Luxembourg are considered in the same group.
Benelux is a treaty between Belgium, Luxembourg, and theNetherlands. Belgium and the Netherlands are constitutionalmonarchies and Luxemburg is a Grand Duchy. The countries worktogether on intellectual property laws.
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).
The Benelux is the economic union between Be lgium, the Ne therlands and Lux embourg.
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.
The Common market, as it was originally. It became the European Economic Community & then the European Union. It is not liked by nationalist politicians.
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…. In the last 2 centuries the three countries felt united in the fact that they were little countries in comparison to neighbouring France, Germany and the UK. Much similar cultural things aswell, like food and festivities, but still many differences between the three. (MORE)
The three countries formed a customs union in 1948, and in 1958 they signed the Treaty of the Benelux
Because they are geographically very low. They don't have any large mountains like some of the other countries around them do.
Belgium, The Netherlands and Luxembourg were 3 of the 6 founder members of the European Economic Community, which is now known as the European Union.
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…anational organization in the world, which it did, as the Benelux Union was not yet supranational. (MORE)
Belgium, The Netherlands and Luxembourg. The word Benelux comes from letters at the start of their names.
the benelux trade union were the small countries of belgium, the Netherlands , and Luxembourg joined together to form it. :D love u peoples
Yes and they are still joined together. In fact you can walk, cycle or drive a car from each to the other.
In 1957 Belgium, Netherlands and Luxembourg were 3 of the 6 founding members of the European Economic Community, which is now known as the European Union. The other 3 founder members were Germany, France and Italy.
Both groups are industrialized, prosperous countries and European parliamentary democracies. Landscape-wise, they are mostly totally different.
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.
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…lands). French (Belgium and Luxembourg). German (Belgium and Luxembourg). Luxembourgish (Luxembourg). Other minority languages would be Walloon, Picard, Champenois, Lorrain, Low Dietsch, Yiddish and some other dialectical varieties of the aforementioned languages. . (MORE)
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.
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
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… work. Socialist command market systems have no incentive for working hard because their wealth is evenly distributed amongst the entire community. For example, a garbage man in China with two children would earn more profit in the long run than a doctor without any children. The doctor has no incentive to work hard and be good at his job because he doesn't reap his work's profits. This is why the free market system is thought to be the best type of economy. (MORE)
The Benelux countries are all members of the European Union and use the Euro as their currency.
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.
yes I did some more research and i looked in my socialstudies text book and it did say the the population is decreasing. but also these websites and books that ive been looking in are not recently published or upgraded
No. Benelux refers to Belgium, The Netherlands and Luxembourg,which are 3 different countries. Luxembourg is just one of thosecountries.
Yes. They were actually amongst the original founders of what was then the European Economic Community in 1957. Some of the main offices are in Belgium and Luxembourg.
Currently, these Benelux countries permit same-sex couples to marry (in chronological order): . Netherlands (April 21, 2001); . Belgium (June 1, 2003); and, . Luxembourg (December 2014).
I don't know. I looked it up for the same reason as you. Ugh. .
Benelux stands for a group of countries including Belgium, the Netherlands, and Luxembourg.Ã The physical features of the countries consists of mainly flatlands and lowlands some below sealevel.
We use participatory economics because we have workers' and consumers' councils utilizing self-managerial methods for decisions.
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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…ded banks have opened in America, RBC and TD being 2 notable examples. . Canada is slightly closer to China than the US, slightly significant in importing from China and other Asian countries. . Canada's dollar has also gained strength as Canada has been able to develop natural resources. However, manufacturing in Canada was hurt as a result. It was further hurt by trouble with the US car industry, which relied on less expensive Canadian labour and parts.. (MORE)
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… has mostly beencompleted. (MORE)
There are many places one might go to learn more about traveling to Benelux. In addition to the official Benelux website, one might also try the Travelocity website.
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.
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.