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When the economy is low, there is generally a decrease in economic activity, resulting in lower levels of production, employment, and spending. This can lead to decreased consumer confidence, business closures, and financial hardships for individuals and businesses. Governments may intervene with policies to stimulate economic growth and recovery.
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What is the unemployment rate of Monaco?
Monaco has a very low unemployment rate, estimated to be around 2% as of 2021. The economy of Monaco is primarily driven by tourism, finance, and real estate, which helps to keep unemployment levels low.
Where is the lowest rate of welfare dependency in the US?
According to data from the U.S. Census Bureau, New Hampshire has the lowest rate of welfare dependency in the United States. This is often attributed to the state's low unemployment rate and strong economy.
What is the connection between the youth unemployment and the Nigerian economy?
High youth unemployment in Nigeria can strain the economy by reducing overall productivity and consumption levels. It can also lead to social instability and increase the dependency on social welfare programs, which can further burden the economy. Additionally, a large pool of unemployed youth can result in lost opportunities for economic growth and innovation.
Details about the 5 major social institutions?
The five major social institutions are family, government, economy, education, and religion. These institutions play key roles in structuring and organizing society by shaping our identities, beliefs, and behaviors. Each institution serves different functions, such as providing socialization (family), maintaining order (government), facilitating economic transactions (economy), imparting knowledge and skills (education), and guiding spiritual beliefs (religion).
What are the Advantages of open system?
A market economy (also called a free market economy or a free enterprise economy) is an economic system in which the production and distribution of goods and services take place through the mechanism of free markets guided by a free price system. In a market economy, businesses and consumers decide of their own volition what they will purchase and produce. Technically this means that the producer gets to decide what to produce, how much to produce, what to charge to customers for those goods, what to pay employees, etc., and not the government. These decisions in a free-market economy are influenced by the pressures of competition, supply, and demand. This is often contrasted with a planned economy, in which a central government decides what will be produced and in what quantities. No pure market economy exists. Thus, almost all economies in the world today are mixed economies which combine varying degrees of market and command economy traits. For example, in the United States there are more market economy traits than in Western European countries. The advantages of a free market economy are for example - supply and demand
What happens if you gap spark plugs to much?
Hard start, no start, misfire, back fire, poor fuel economy, low power,Hard start, no start, misfire, back fire, poor fuel economy, low power,
What happens if the catalytic converter goes out on a 2002 ford expedition?
Possible side effects include rattle noises, check engine light, different smell from exhaust, low power, low fuel economy,
In a market economy a low price is a signal for?
low demand
Is the level competition high or low in the command economy?
It is low
Is the level of competition high or low in the mixed economy?
low
What is was the economy for Rupert's Land?
low economy. not meny people had jobs
What is Low throughput economy?
gay
Does low aggregate demand make the economy weak?
what makes the economy weak
What makes a healthy economy?
A healthy economy will be based on primary production , and manufacturing industries. Low value (low added value) activities such as retailing add little to a healthy economy.
What can happen in a planned economy that does not happen in a market economy?
nothing much happens ...
Why is the economy in Luxembourg so good?
luxembourg's stable, high-income economy features moderate growth, low inflation, and low unemployment.
Is the competition high or low in the mixed economy?
no
