0
Usually the opposite is true. In general the higher the price of the energy (electricity, natural gas, fossil fuels, solar, etc.) the more it costs to raise, transport, create and use the products and services that our economy depends on.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How did the McCormick reaper affect the economy?
The McCormick Reaper affected the economy by allowing farmer to have large, and more efficient harvests. This in turn decreased prices and increased goods.
Price system between capitalist economy and socialist economy?
Socialism has no money, no economy and no prices. Under capitalism, prices are essentially determined by the amount of labour involved in producing something (affected too by supply and demand, among other things).
Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
What does coal do for the economy?
produces electricity
In which type of economy would prices be set by the government?
command economy
Explain how the conflict in sri lanka affected its economy?
The conflict of Sri Lanka affected the economy in a few ways. It effected the prices, product and land.
Improved mass- production techniques affected the American economy of the 1920s by?
reducing prices of consumer goods.
How did the war affect the Europe economy?
The war in Europe affected the American economy by creating a massive increase in US industrial production as well as stable prices.
How did the McCormick reaper affect the economy?
The McCormick Reaper affected the economy by allowing farmer to have large, and more efficient harvests. This in turn decreased prices and increased goods.
How has Cleveland been affected by the current economy?
Cleveland has been affected by the current economy poorly because people woll not buy things for high amount of prices which they are selling for so no one there will buy anything causing worsing.
How have Greyhound bus rates changed over the past 10 years?
The economy of practically every country in the past ten years has been going down. The economy has affected the prices of everything in the world. Same goes for the prices of Greyhound tickets. The prices have increased without fail over the past 10 years.
How has the rising gas prices affected your personality as a consumer?
Well as gas prices are no longer rising but actually rapidly dropping it has made me extremly wary of the state of the economy. What most people do not realize is when gas prices are high, the economy is doing very well. As gas prices are dropping... it is simply reflecting the tragic state our economy is actually in. It makes me want to travel less, buy less and consume less. BUT THATS JUST ME!
Price system between capitalist economy and socialist economy?
Socialism has no money, no economy and no prices. Under capitalism, prices are essentially determined by the amount of labour involved in producing something (affected too by supply and demand, among other things).
Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
How has the economy affected recent Toyota sales?
Toyota has been affected by the economy. Just as the economy had a downturn so has sales from Toyota. Toyota's sales are reflective of the current economy.
Is Cuba's economy affected by hurricanes?
why yes of course they are affected by the hurricanes. It caused a lot of problems. See attached link for information on how the economy was affected.
Where can one compare electricity prices?
To compare electricity prices you can visit saveoneeneryy,or just energy websites. They compare the prices of the companies that offer in your area.
