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The welfare of all citizens is the primary goal of the economic system. Wasteful competition is avoided wages are controlled by the state.
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What 2 economies make up a mixed economy?
command and market economy
Discuss the advantages and disadvantages of national income of an economy?
main advantages of national income:- 1:Study of All important sectors & Industries 2:An important fact for measuring economic development of Develop countries 3:Analysis of different sectors
What are the advantages and disadvantages of import and export?
disadvantages - 1. You need Import, Export license for this. 2. You have to cleared shipment with customs,
What is different from a command economy and a mixed economy?
A Mixed economy is an economy that is both a planned and free enterprise economy.This means is has both STATE CONTROLLED economies and also PRIVATE OWNERSHIP economies. These 2 are commonly found the Caribbean, such as Barbados or Cuba for example. Free Enterprise is practically self explanatory. It if the economic system for people who own their own businesses such as shops. The Controlled economy is well obviously controlled by the STATE but this usually affects larger companies and businesses.
What are advantages and disadvantages of higher consumer spending?
Advantages: 1. Profitability of Businesses increases 2. Businesses can invest - improve productivity 3. Economic Growth Disadvantages: 1. Inflation - excess demand 2. Stress on raw materials 3. Workers need to work more intensively, hard to manage for businesses at times
Advantages and disadvantages of baking?
2
What 2 economies make up a mixed economy?
command and market economy
What were 2 advantages and 2 disadvantages of the Continental Army?
Advantages: -Colonists would have their own protection, and won't have to get England's permission. -Soldiers would be housed, and provided with food and clothing, and promised land after the war. Disadvantages: -Colonists were inexperienced and outnumbered, lacked guns and ammo -Already being attacked by the Indians, and they do not have a good economy.
What are the disadvantages of internet2?
state 2 advantages of the internet
2 advantages and 2 disadvantages of emails?
none of your business dumbies figure it out
Discuss the advantages and disadvantages of national income of an economy?
main advantages of national income:- 1:Study of All important sectors & Industries 2:An important fact for measuring economic development of Develop countries 3:Analysis of different sectors
What are 2 advantages and 2 disadvantages of using fossil fuels?
Advantages: they're reliable; and they're not expensive. Disadvantages: they're bad for the environment; and the carbon dioxide from burning them is causing global warming.
What 2 advantages and 2 disadvantages of using fossil fuels?
Advantages: they're reliable; and they're not expensive. Disadvantages: they're bad for the environment; and the carbon dioxide from burning them is causing global warming.
Advantages and disadvantages of diversification?
advantages 1. more money 2.more jobs 3.tourism disadvantages 1.no local support 2.misuse of funds 3.imbalance of trade
What are the advantages and disadvantages of the rise and fall method in surveying?
1, describe the methode of reducing the levels and thier relative advantages and disadvantages 2, writetypes of levelling instruments and methodes of leveling
What is the advantages and disadvantages of Windows XP Service Pack 2?
this is boogers
Advantages and disadvantages of project organization?
advantages: 1. clear authority and responsibility 2. improved communication 3. high level of integration disadvantages: 1. project isolation 2. duplication of effort
