0
Did War stimulates a nation's economy by increasing production and jobs?
Wiki User
∙ 9y ago
All wars stimulate economies. The increase in jobs and the production of war materials is thought by some to be a reason war are started.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agotrue
Add your answer:
Earn +20 pts
What are the role of technological advancement in nations economy?
Technology plays a key role in the advancement of economy for a nation. With modern technology a nation is able to streamline its process, multiply its production, thus adding to the economy.
What is a market economy based on?
A market economy is an economy in which decisions regarding investment, production and distribution are based on market determined supply and demand. Prices of goods and services are determined in a free priced system
Does GDP accurately reflect the nations welfare?
The gross domestic product, GDP, does not accurately reflect the nations welfare. It does provide an indication of the nation's economy, but it is only one of the component's of the well-being of a country. The GDP does not take into account household production, excluded production, and negative production.
What is the interdependent economy?
A kind of trade where the nations eliminate all kinds of berrier in the way of flow of goods and services and factor of production
Does unemployment move outside the production possibilities frontier?
The production possibilities frontier is a curve illustrating the various ratios of goods that can be produced by a nation when that nations economy is at maximum productivity, using all resources (including labor). To be at maximum productivity there must be full employment. When there is not full employment (unemployment) the country cannot be on it's PPF, let alone beyond it. The nations economy is represented by a point within, or under, the curve.
Modernization theory states that rich nations can aid the economic development of poor nations by?
providing financial assistance, technology transfer, and expertise. This is believed to help poor nations progress and catch up with wealthy nations through industrialization and modernization.
What are the role of technological advancement in nations economy?
Technology plays a key role in the advancement of economy for a nation. With modern technology a nation is able to streamline its process, multiply its production, thus adding to the economy.
What is a market economy based on?
A market economy is an economy in which decisions regarding investment, production and distribution are based on market determined supply and demand. Prices of goods and services are determined in a free priced system
Does GDP accurately reflect the nations welfare?
The gross domestic product, GDP, does not accurately reflect the nations welfare. It does provide an indication of the nation's economy, but it is only one of the component's of the well-being of a country. The GDP does not take into account household production, excluded production, and negative production.
What is the interdependent economy?
A kind of trade where the nations eliminate all kinds of berrier in the way of flow of goods and services and factor of production
Why is the tourist dollar so valuable?
Nations that depend on tourism have every interest in bringing as many tourists as possible to visit their nation. Tourists buy goods while on vacation. This stimulates businesses and brings new funds into the economy. Such is the value of tourism. It's an economic boost to a nation's economy.
Does unemployment move outside the production possibilities frontier?
The production possibilities frontier is a curve illustrating the various ratios of goods that can be produced by a nation when that nations economy is at maximum productivity, using all resources (including labor). To be at maximum productivity there must be full employment. When there is not full employment (unemployment) the country cannot be on it's PPF, let alone beyond it. The nations economy is represented by a point within, or under, the curve.
What goods and services does Canada produce?
Canada is one of the wealthiest of the world's nations. Its economy is dominated by the service industry, with logging and oil production serving major roles as well.
What kind of economy do most nations in the world today use?
mixed economy
How did the panic of 1837 affect the the nation's economy?
it ruined the nations economy by no money
Which if these events can affect a nations economy?
all of these.!!
What is mixed economy in a sentence?
There any many nations in the world which have mixed economy. This is an example using the word mixed economy.
