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What is the relationship between operational management and managerial economy?
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What is the governments role in the economy?
To conduct or control the affairs of the country..
What is the government's role in a traditional economy?
The government has no role in a traditional economy other than keeping peace to the degree where different individuals can conduct trade in peace.
What countries have recently switched from a command economy?
17. Conduct research to find examples of countries that have changed from a command economy to a market economy. What kind of changes did the country need to make?
What Educationis is operational aspect in the society?
Education is essential for the overall development and progress of society. It provides knowledge and skills to individuals, allowing them to contribute effectively to the economy and society as a whole. A well-educated populace can lead to improved opportunities, innovation, and social cohesion.
What country has the most farms?
India has the most farms in the world, with over 146 million operational farms. Agriculture is a crucial part of India's economy, employing a vast number of people across the country.
8 things governments do for their country?
Protects citizens and propertyMakes and enforces lawsCollects taxesFunds/runs social programsEducates citizensRun and conduct warMakes Treaties with other countriesRuns the economy
What external influence does a company encounter when determining how and where to conduct business globally?
One external influence a company encounters when determining how and where to conduct business globally is the type of economy a country has. Another influence might be the laws of the region and permits that will be necessary. Tax payments are also considered in a global market.
What economic sector does psychology fall under?
Psychology falls under the service sector of the economy, specifically in the fields of healthcare and education. Psychologists provide mental health services, conduct research, and offer education and training programs.
What do free entry and exit?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
What do free entry and exit refer to?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
What free entry and exit refer do?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
