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Through its policies and institutions how has the US influenced US long-run economic growth?
Wiki User
∙ 14y ago
I think that the US influenced the long-run economic growth by the growth agriculture and industry
Wiki User
∙ 14y ago
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What is the subject matter of political economy?
Political economy studies political processes through the application of rational choice theory and economic methods. It understands the world using a primarily individual, self-maximising framework and focuses heavily on political institutions and their effect on economic outcomes.
What is economic system and describe capitilism communism socialism?
Economic system is a system that involves the production, destribution and consumption of goods and services between the entities in a particular society. The economic system is composed of people and institutions, including their relationships to prductive resources. such as through the convention of property. it is the systemic means by which porblems of economics are addressed, such as the economic porblem of scarcity though allocation of finite productive resources.
What are two main expansionary policies?
When the government wants to stimulate economic growth through Fiscal Policy, it will often attempt one of two approaches. It will either cut consumer taxes to give them more disposable income, or it will spend more money on government programs. Both of these policies are considered expansionary.
How best to manage economic down turn?
Your question is a big one. Economic downturn is when the economy's demand is low, which leads to the relatively inactive economy. To manage this, the government will try to stimulate the economy directly (by increase government spending) or indirectly (through tax, regulations, policies) so the demand raise.
What do you understand by economic system?
An economic system contains three types, market,command, and traditional. Market is selling stuf on your own, traditional is well a tradition and commmand is being told to do so by the government.(Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.) (Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.)
Television helped spur economic growth through its?
Television helped spur economic growth through advertisements or commercials. People were influenced by the advertisements and bought the products they were seeing.
Allows one country control over another country through economic policies?
i was wondering tha myself
What are the classification of Institutions?
Institutions can be classified into formal institutions, which are established through laws or regulations, and informal institutions, which develop through customs and traditions. Formal institutions include governmental bodies, regulatory agencies, and legal systems, while informal institutions include social norms, cultural practices, and unwritten rules that shape behavior. Additionally, institutions can also be classified based on their functions, such as economic institutions (e.g. banks, stock exchanges) and social institutions (e.g. schools, hospitals).
What does poverty can be reduced through policies of inclusive growth mean?
Some theorists believe that poverty can be reduced through policies of inclusive growth. This means that when there is economic growth in a society, equitable opportunities are given to members of that society.
How political science approach the problem in poverty?
Political science examines poverty through the lens of government policies and institutions to understand how they contribute to or alleviate poverty. Researchers study how political decisions impact social welfare programs, economic policies, and public service delivery that can affect poverty rates. By analyzing the intersection of politics and poverty, political science aims to uncover ways to address and reduce poverty through policy changes and governance.
How has the past influenced the present?
The past influences the present through its cumulative impact on societal norms, values, and institutions. Historical events shape current political, economic, and social systems, as well as individual attitudes and behaviors. Understanding the past helps explain the present and can guide decision-making for the future.
How did FDR's New Deal break with Herbert Hoover's policies toward the depression?
The US government would take a stronger, more active role in the crisis through direct economic policies.
What are the roles of financial institutions in Nigeria?
Roles of financial institutions ranges from operating as a simple method of savings to its major important function as a source of revitalization within Nigerian economy through to various complex economic activities
Level of government that people expected to cure the economic ills?
The federal government is typically expected to address and alleviate economic issues. Through fiscal policies, such as spending and taxation, as well as monetary policies, such as setting interest rates, the government aims to stimulate economic growth, reduce unemployment, and stabilize the economy in times of crisis.
Was the New Deal an economic relief program created during the 1930?
Yes, the New Deal was an economic relief program created during the 1930s by President Franklin D. Roosevelt in response to the Great Depression. It aimed to provide relief, recovery, and reform through various government programs and policies to stimulate the economy, create jobs, and stabilize financial institutions.
Max Weber believed that power in modern society usually rests in the hands of .?
bureaucrats
What is the subject matter of political economy?
Political economy studies political processes through the application of rational choice theory and economic methods. It understands the world using a primarily individual, self-maximising framework and focuses heavily on political institutions and their effect on economic outcomes.
