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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
How does equinox banking system work?
Just like any other banking system. Managing accounts/transactions....e.t.c
Economic system which people and privately owned companies own basic and non basic businesses?
Capitalism
What kind of economy does the government controls the goods and services?
This is called a command economy.
Why are jobs created in Cuba's socialist economy?
Because how else is the work going to get done? Socialist economies still employ people they just don't depend on the profit incentive. Does that answer your question?
Is a socialist economy a negative?
Not necessary. However, it has been evident historically that complete centrally planned economy tends to work inefficiently due to the inflexibility of production (where the market can't decide on what to produce.)
How did progressive work to improve city and state government?
by reforming the banking system
When was Building a Socialist Work Ethic created?
Building a Socialist Work Ethic was created in 1996.
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 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.
English wards uses in the bank?
I want to work in a bank because of my academic career, which will help me to know more about banking system.
What operating system is used for accessing internet banking of andhra bank?
Usually internet banking websites work in any operating system. Be it windows or mac. However you need a proper web browser to access the website. It can be Chrome or Mozilla or Safari or Internet Explorer.
How does the financial system work?
The US financial system works according to some institution like the Central Bank. The Central bank lend money into existence to the banking institutions.
