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What results from having a nation having conflicting economic goals?
Wiki User
∙ 11y ago
the need for economic safety nets
Wiki User
∙ 11y ago
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Meaning of economic instability?
refers to unstable economic in the nation
Why economic planning is needed for economic development?
So that the nation progresses
What allocates the economic resources of the nation?
scarcity
What relationship in which a less developed nation trade is controlled by a developed nation?
economic dependence :)
How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
Impact of sales force in economic development of a nation?
sImpact of sales force in economic development of a nation
Meaning of economic instability?
refers to unstable economic in the nation
Why economic planning is needed for economic development?
So that the nation progresses
What was mercatilism?
An economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests commerce: transactions (sales and purchases) having the objective of supplying commodities (goods and services)
Was a new economic philosophy that stated that a nation's economic strength depended on keeping and increasing its gold supply?
Capitalism was a new economic philosophy that stated that a nation's economic strength depended on keeping and increasing its gold supply.
What allocates the economic resources of the nation?
scarcity
How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
What is meant by the economic risk of a nation?
The ability or intention of a nation to meet its financial obligations.
What relationship in which a less developed nation trade is controlled by a developed nation?
economic dependence :)
What determines the kind of economy a nation has?
A nation choses its economy based on its economic goals. Economic growth is often any nation's goals. With that in mind a free market economy will help achieve that goal.
How can economic crises end?
Economic crises will be end when nation's economy is constant for this national economic policy should be clear.
How does GDP affect businesses?
Gross domestic product (GDP) is a broad measure of the nation's economic activity. For small businesses, which are often sensitive to the economic climate, GDP can be an important measure of current business prospects. Because GDP measures overall economic output, small businesses may carefully watch GDP figures to determine how the economy is faring and how their own results compare with the results of other businesses.
