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The economy encompasses everything related to the production and consumption of goods and services in an area. The United States of America is the world's largest single national economy.
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What is the smallest type of economy?
Traditional economy
What does an econimist do?
An economist studies the economy.
How does sharing resources in a region make state interdependent?
since states in a region often share resources, they usually share an economy. This makes sense when you think that the economy is the way a region uses its resources to provide the things that people need.For example, agriculture,or farming, is very important in almost every state of the Midwest.
What is South Korea's economy based on?
strategy is a comprehensive overhaul of South Korea's economy,
What two economies are widespread in the Middle East?
Free-economy and command-economy.
What makes France have such a strong economy?
market economy
What is a major problem with Africa having an export economy?
It makes the economy of Africa less stable.
An economy that makes only enough goods for itself?
subsistence economy
What makes the economy fluctuate?
Not Sure
What makes Burundi poor?
its economy
An economy that makes extra good to trade with other economies?
Trading economy
An economy in which only the government makes economic decisions is a?
Centrally Planned Economy
Does low aggregate demand make the economy weak?
what makes the economy weak
What effect does new technology usually have on an economy?
It makes the economy stronger and more efficient.
How does wind energy affect the economy?
It benefits our economy and makes our energy bills cheape.
What is the American economy?
it is what makes up america
What does specialization do for the economy?
it makes it more efficient
