Mixed and market
Market and command
Capitalism, socialism, and communism are major economic systems.
No, capitalism is not another word for a command economy. Capitalism is an economic system characterized by private ownership of resources and the means of production, with market forces primarily determining supply and demand. In contrast, a command economy is centrally planned, where the government makes decisions regarding production and distribution of goods and services. These two systems represent opposite approaches to economic organization.
what is dual economic?A dual economy is the existence of two separate economic systems within one country, a concept created by Julius Herman Boeke. Dual economies are common in less developed countries, where one system is geared to local needs and another to the global export market.
commerse enquizitions
sorry i don't know
Capitalism and Socialism
Basic economic questions would include the following: What works better, a centrally planned economy or a free market economy, or some mixture of the two? If you use a mixture, which economic model should predominate? Which works better, money or barter? If you use money, should it be Fiat currency or should it be backed by precious metals? Is globalization good or bad? How can nations protect themselves from the competition of other nations that have lower standards of living, less economic regulation, and therefore cheaper labor? How can an ever-expanding population continue to create new economic opportunity in a world which is of a fixed size? What do we do when Natural Resources run out? How can we prevent destructive economic fluctuations such as recessions and depressions?
what two macro-economic indicators would you recommend watching to assess the economy condition over the next six months
communism and capitalism
Communism & Democracy
Political economy and culture are interconnected in that political and economic systems shape cultural practices and values, while culture influences political and economic behavior. Economic structures can dictate access to resources and power, affecting cultural expressions and social norms. Conversely, cultural beliefs and values can impact economic policies and political ideologies, creating a dynamic interplay between the two. This relationship highlights how societal conditions and cultural contexts can shape and be shaped by economic and political forces.