answersLogoWhite

0

How social aspect affect in economy?

User Avatar

Anonymous

11y ago
Updated: 8/20/2019

If it's market economy, the domestic market gets affected as cheap foreign products flood the market. It is well nigh impossible for domestic sellers to compete with the MNCs having big infrastracture of their own. As a result, either they are perished or find it almost impossible to survive in the competitive scenario.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

How do the cordilleras affect transportation in Columbia?

It would decrease economy in social and political economy


How does drug abuse affect the economy?

social, economical, phisical, political


Can Ramadan affect the economy?

i dont't think so,rather it would boost the economy in a way whereby most people shop for ramadan period,the marketing aspect would be encouraged


How does the government regulation affects the economy?

It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.


What is a social aspect?

To need the concept of the social features we to keep in mind that the mobility, economy and security are also to understand social. But to facilitate, we distinguish social functions as a separate category sentence, which will be described from a sociological and psychological perspective.


Did cult of Domesticity affect particular group of women?

No, it talking about general aspect. What women usually do when their alone at home and how they are cut back from economy advantages.


How does the marketing affect the economy?

how does affect the all economy


How do bio-fuels affect the economy?

it does not affect the economy


Does sending a child to an early childhood school make a crucial difference in the future education?

I think it is very rewarding for a child to attend an early childhood school. Not only for the learning aspect but especially for the social aspect. I do believe that it does affect a child in the long run in social situations.


What factors affect the social structure of Ghana?

Like any country social structure of Ghana is affected by the economy, the culture, and the political climate. It is a growing economy that has recently, relatively speaking, been freed form british rule and as such is still evolving.


How does social aspect help you?

It dosent


List and explain the sectors of the Nigerian economy?

write short note on education aspect in Nigerian economy