there are several signs:
the opposite of this is true for a weak or recessive economy
In general, having more exports than imports is characteristic of a strong economy. Furthermore, having a positive national debt ratio and a strong currency (you can check comparisons on several websites) are indicative of a good economy.
GROWTH
One characteristic of a centrally planned economy is a steady money supply that is backed usually by gold or silver. This economy is moderated by the state in order to control availability.
Customers
It was focused on technology and industry
no a lot of money?
individual choice
In general, having more exports than imports is characteristic of a strong economy. Furthermore, having a positive national debt ratio and a strong currency (you can check comparisons on several websites) are indicative of a good economy.
why is a strong economy important
Centralized planning: the state determines what to produce and how much of it to produce Communal property of land: individuals don't own land.. the State owns all the land.
Industrialization is a characteristic that describes the North's economy. Factories and railroads helped to build the economy in North America.
it had a strong economy
One characteristic of a centrally planned economy is a steady money supply that is backed usually by gold or silver. This economy is moderated by the state in order to control availability.
triangle
Customers
It was focused on technology and industry
It was focused on technology and industry
no a lot of money?
individual choice