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How did Taiwan's free enterprise system help its ecomomy grow?
it is a pheromatimotical mogectant to taiwains economy
What characteristics of Japan allowed its economy to grow quickly?
Its education system
Describe how the business cycle changes?
The business cycle under free enterprise is a recurring cycle of booms and busts, recoveries and recessions, as various areas of the economy either grow or wither.
Was the free enterprise system necessary for bill gates to become a success?
Yes, the free enterprise system played a crucial role in Bill Gates's success. It provided him with the opportunity to innovate, create Microsoft, and compete in a market-driven economy. The ability to start and grow a business, along with the potential for significant financial rewards, motivated Gates to pursue his entrepreneurial vision. Moreover, the competitive landscape fostered technological advancements that allowed Microsoft to thrive.
What is the differences between Egypt and the US education system?
The US system is more advanced than what is found in Egypt. It is important in the US to have a great system in place to grow the economy.
Is a Tomtom Navigator 5 GPS system made in Germany?
Yes the system is made in Germany by a variety of German workers. This helps the German economy grow and thrive.
How does credit make the economy grow include circular flow?
The monetary flow in a given economy as a result of the access to the credit makes the economy grow which includes the circular flow.
What advantage did the location of meroe offer to the kushites?
The location of meroe helped the kush's economy grow
Marx wrote about his disagreement with the free enterprise system in what book?
Das Kapital was Marx's view on the free enterprise system. While admitting that it was virtually the most powerful economic system ever created, he nevertheless pointed out the flaws he believed it had. First, he felt that continued series of inflationary periods and depression would grow worse and eventually cripple free enterprise until it was useless. Even as he acknowledged that the free enterprise created wealth, Marx maintained that the accumulation of wealth only made more misery, since nobody knew how to spend the wealth wisely.
How did ancient Egypt's economy grow?
trade
For an economy to grow and expand there must be in increase in what?
Savings.
For an economy to grow and expand there must be an increase in which of these?
Savings
