0
A country may prefer that localized economies play a large role in its economic policies because localized economies:?
ALana Hairston
Verified answer
Reduce environmental risks and costs associated with shipping goods long distances.
Anonymous
What is a economic system where people own and make economic decisions?
Economic systems where people own property and conduct business free from despotic governments are often referred to as capitalistic economies. Time and necessity, however, has placed certain restrictions and regulations on such economic systems, based on laws of the government. Practically speaking, these new economies still allow for people to own and make economic decisions are best labeled " free market economies". This implies that the freedoms mentioned are still in place but subject to fair laws and regulations that help all people. Sometimes these economies are also referred to as" mixed economies" because of government involvement into economic affairs and because taxation can influence business decisions.
Why According to Adam smith and other classical economists why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
According to Adam Smith and other classical economists why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
What do critics say about command economies?
Critics commonly argue that because planned economies cannot effectively process as much relevant information as a market does, command economic systems cannot coordinate economic activity or satisfy consumer demand as well as market forces do.
Why are there so few traditional economies in the world today?
Traditional economies lead to less economic prosperity than capitalist and planned economies because of the efficiency of industrial production. As a result, people are voting with their feet and wallets to leave traditional economies and embrace capitalism or some other form of industrial economy.
What is a economic system where people own and make economic decisions?
Economic systems where people own property and conduct business free from despotic governments are often referred to as capitalistic economies. Time and necessity, however, has placed certain restrictions and regulations on such economic systems, based on laws of the government. Practically speaking, these new economies still allow for people to own and make economic decisions are best labeled " free market economies". This implies that the freedoms mentioned are still in place but subject to fair laws and regulations that help all people. Sometimes these economies are also referred to as" mixed economies" because of government involvement into economic affairs and because taxation can influence business decisions.
Weakness in the Asian economies in the late 1990s was of great concern primarily because of?
the belief that with growing global economic interdependence, weakness in the Asian economies could weaken the U.S. economy as well.
Why According to Adam smith and other classical economists why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
According to Adam Smith and other classical economists why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
Why has the world become more independent in recent years?
Because of the 4 economic systems:market,command,mixed,and traditional economies
What do critics say about command economies?
Critics commonly argue that because planned economies cannot effectively process as much relevant information as a market does, command economic systems cannot coordinate economic activity or satisfy consumer demand as well as market forces do.
Why are there so few traditional economies in the world today?
Traditional economies lead to less economic prosperity than capitalist and planned economies because of the efficiency of industrial production. As a result, people are voting with their feet and wallets to leave traditional economies and embrace capitalism or some other form of industrial economy.
The colonists did not like the british economic policies because they said that it was what without what?
You are probably looking for taxation without representation.
Why did the soviet union attempt to transit from communism to capitalism?
because the communist policies were failing and eventually created a stagnant economy, while capitalist economies tended not to fail so much
Why does everybody have to work in economies where there's nothing to be done?
Because sustainability is a very important to Economy. People work to ensure sustainability to meet economic progress is always there.
What are the three economic problem that all economies face because ofthe basic economic problem?
The basic economic problem which is Scarcity give rise to 3 fundamental problems. 1) What to produce (Type & how many) 2) How to produce (Methods of production) 3) Whom to produce for (Not for everyone will get the good) Because of limited resources.
Why did the kings and queens pursue mercantilist policies?
Because mercantilism was an economic and political theory emphasizing money as the chief source of wealth
