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TRADE
They traded animals, foods, and gold
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∙ 11y ago
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Explain briefly the contribution of the factors of production to economic activity?
The faster that products can be made, the more economic activity that can occur. If the product production slows down, the economy will slow down as well.
In this type of economy the question of how many goods will be produced and supplies is not made by business?
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
How are decisions made in a market economy?
The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
What are some similarities between command and traditional economy?
In a command economy government agencies take the decisions regarding consumption production and distribution in other words allocation of resources . The classical example of command economy was the economy of erstwhile USSR- where major decisions were taken by the soviet planning commission. Traditional economy refers to economy in which primary sector- agriculture , mining , fishing , lumbering , animal husbandry etc, is dominant economic activity - in terms of share in GDP and employment.
How are economic decisions made in a traditional economy?
they are made by custom and habit
What made the economy more prosperous?
trading
What made the Egyptians economy more prosperous?
trading
What was the economy in World War 2?
America's economy was in terrible shape, but Germany's, Italy's, and Japan's economy where in great shape, Germany had the best at the time. Adolf Hitler made the Economy in Germany prosperous.
What percent of the US economy is made up by government activity?
40%
What the advantages of buying local products labeled made in Egypt?
*Will boost the Egyptian economy. *Will create jobs for the Egyptian communities. *Will attract the tourists.
Explain briefly the contribution of the factors of production to economic activity?
The faster that products can be made, the more economic activity that can occur. If the product production slows down, the economy will slow down as well.
How was Egyptian laws made?
Egyptian laws were made my king Hammurabi
What is the Egyptian flute made out of?
an Egyptian flute is made out of bamboo and wood
Who took over Kiev and made it in to a prosperous city?
Rurik.
When was egyptian jewelry made?
Egyptian jewellery is still being made today.
What are Egyptian pharaoh palaces made of?
Egyptian palaces are made of mud and stone
What were the major industries that made the new England colonies prosperous?
The major industries that made the new England colonies prosperous were mainly farming, lumbering and fishing. These were industries that were operated in most colonies.
