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Yes. Monaco and Lichtenstien are examples of service-only economies.
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Why is it important to diversify your economy?
An economy based on only one market is an invitation to disaster. If that market fails, the entire economy fails. With diversification, an economy can survive a failed market.
Socialist believe economic equality is only possible if?
the public controls the economy
Many Caribbean islands have a farm economy based on only one?
i dont know can you answer it
What is the predictions towrds are economy?
Economy is influenced by several factors. It is difficult to predict economy accurately and based on several parameters economists could predict it to some extent only.
Can Linux be configured to only run certain services based on run levels?
Yes.
Which nation has a socialist command economy?
There can be no such thing. Socialism is a classless stateless society based on production for use, with no. only or prices, hence no economy. And it will have to be introduced at a global level.
What are the advantages and disadvantages of Nigerian economy?
The advantage of the indigenization program in Nigeria is that oil is a very strong export good, leading to a stronger economy. The disadvantage is that the economy is only based upon one exporting product, and should that product not sell, the economy will get weaker.
disadvantage of planned economy?
Lack of incentives to work hard in planned economy Sometimes poor quality of goods and shortages Failure to meet set ideals or consumer needs. Lack of varieties of goods and services Consumers can choose only those goods or services which are produces and decided by the government
What kind of economy did ancient rome have?
The economy of Ancient Rome was based on Agriculture, Slaves and Trade. Industrial production was only a small part of their economic base.
What is a diversified economy?
A diversified economy is one that is based on more than one thing. It's based on manufacturing, agriculture, trade, etc. rather than just one of those things. A diversified economy is a economy that focuses on more than one thing like Canada that it doesnt focus only on mining it focuses on other stuff too. The opposite of diversified economy would be Kuwait since the economy is highly depended on oil production.
Why is scacity a problem that economists related to economy?
It means only a limited amount of items has been produced therefor limit of goods and services will be produced
What services does eluniversal provide?
Eluniversal provides the latest news. It is updated regularly and reports on recent events. opinions, economy and much more. The only downside to the website is that it only reports in Spanish.
