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How does the pacific ocean effect the people and economy of Washington?
Wiki User
∙ 8y ago
The Pacific Ocean influences Washington by providing access to maritime trade routes, supporting various industries like fishing and tourism, and affecting the state's climate. It also contributes to the state's economy through ports, shipping, and recreational activities along the coastline. Additionally, the ocean plays a role in shaping Washington's culture and lifestyle.
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What is the role of the government in a free market economy?
When people say "Free Market" economy, they have in mind what most economists would call a True Free Market Economy. When people refer to a "Market" economy, they generally have in mind the economists' "Mixed Market Economy".This answer is based on a True Free Market economy. Look at the Related Questions section for answers around a Mixed Market economy.Besides functions which aren't specifically related to the economic model that a country employs (e.g. defense and policing, social behavior regulation, etc.), here is what a TFM economy requires from the government:A stable single currency to conduct all economic activity inAn independent, consistent, and stable legal framework and judicial system to resolve all contractual disputesProtection of individual rights of propertyProtection of the sanctity of contracts (i.e. not to just resolve contract disputes, but to enforce contracts legally entered into)That's it. Government in a TFM is very limited in its economic participation, and are essentially a bystander whose role is very much that of the umpire - to resolve issues around rules, and enforce rules. It is NOT responsible for the creation of those rules.
What has a primarily agrarian economy?
A country or region with a primarily agrarian economy relies heavily on farming and agriculture as the main source of economic activity and livelihood for its people. This typically involves activities such as crop cultivation, livestock farming, and fishing as the primary means of generating income and supporting the population.
What is the main occupation of the people of Brazil?
The main occupation of the people in Brazil is diverse and includes agriculture, mining, manufacturing, and services. Agriculture plays a significant role in Brazil's economy, with commodities like soybeans, coffee, and sugarcane being major exports. The service sector, which includes tourism, finance, and technology, is also a key contributor to the country's economy.
How did people in Pennsylvania earn their living?
People in Pennsylvania earn their living through a variety of industries, including healthcare, education, manufacturing, agriculture, technology, and finance. Pennsylvania has a diverse economy that offers opportunities in sectors such as energy, tourism, and entertainment as well. Additionally, many people in Pennsylvania also work in retail, construction, and transportation.
Why are the people considered as the most important element in a state?
People are considered the most important element in a state because they make up the society, contribute to the economy, participate in governance, and shape the culture and identity of the nation. Their well-being, rights, and participation are crucial for the state's stability and progress.
How does wild fires effect the economy?
yes it can kill people
What is the effect of earthquake to people and environment?
Injury and death to people. Wreckage to the environment and a weaker economy.
List at least 2 important ways the Pacific Ocean affects the land and people of Washington?
The economy relies on fishing, tourism (beaches) in many ways. The constant El Nino effects change the coastline and weather constantly. The Pacific also takes on the nuclear send down from 2 plants.
How do people in Ireland effect the enironment?
If their economy keeps going the way it is, then not at all. Get it?
What are some fact about the Chinook people?
The Chinook people lived in Oregon and Washington and fished in the Columbia river and the pacific ocean.
Where do the Chinook people live?
The Chinook people live in Washington state and Oregon. Chinook Indians are original people from the Pacific Northwest Coast area.
What effect did the steamboat have on economy?
it helped transfer goods and move people faster.
How does medical technology effect the economy?
Medical technology costs a lot of money so it could force people to have no money and drop the economy quality.
What is the most important effect that entrepreneurship has on the us economy?
Its because its huge for any economy and if more people were one the financial problem could be no more.
How does war effect the economy?
Because of war, the economy doesn't do very well. People earn less money in their jobs, so the military can have more equipment.
How does war effect economy?
Because of war, the economy doesn't do very well. People earn less money in their jobs, so the military can have more equipment.
What is Mount Kilimanjaro's effect on the local economy?
Very positive because many people come to see it.
