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A nations plan for answering the key economic problems is called its economic?
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∙ 11y ago
Economic System
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∙ 11y ago
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What is called when a nations economy that is comprised of elements of more than one economic system?
Mixed economies
What is the Economic union of European nations called?
The European Economic Union never existed, it was known as the European Economic Community. The EEC transformed into the European Union.
What is the book called the Wealth of Nations about?
Mainly, the Wealth of Nations is about the benefits of a free market economy and how the government should leave economic decisions to individual households and firms without regulation or intervention because it is argued to be more productive and beneficial for society.
What is the economic system of the US called?
The economic system of the US is called Capitalism.
What are the economic system of economic?
There are 3 major and common problems faced by every economical unit.1)What to produce?2)How to produce?3) Produced to whom?Though these questions are common various economic units use several methods to solve them.These various types are called Economic Systems.So A social and institutional order which is developed by people to solve major economical problems can be defined as a Economic System.The word System is specially used in subjects like Bio Science to express bunch of institutions which work under their authority not under external influences.So in a Economic System there we can find hundreds of institutions which work as above.Examples-Business Institutions,Households,Government, Law, Incentives etc.By the way we know that there is a diversity in Economic Systems. There are 3 major reasons for that diversity.1)Ownership of property and rights (when Factors such as Land,Capital are handled with Private sector it is called a CAPITALIST ECONOMIC SYSTEM.When such factors are handled with Government it is called a SOCIALIST ECONOMIC SYSTEM)2)The Mechanism used to coordinate the answers given to major economic problems(when major economic problems are solved under the guidance of Price Mechanism it is called a Market Economy. When it is done under the command of government it is called a COMMAND ECONOMY)3)The system of Incentives (Incentives motivate various economical units to economical activities. In market economies that motivation is given by Profit. In Command economies it is gained through Powers of Authority)---Hirantha Imesh(HIRU)
What is the economic and political domination of a strong nation over the weaker nations?
It is called imperialism.
The ability of nations to sustain economic development while protecting the environment is called?
sustainable development.
What was the nations first economic crisis and how was it further complicated?
its called your social studies textbook lolol
What is called when a nations economy that is comprised of elements of more than one economic system?
Mixed economies
The idea that major nations should act together in response to problems and crises is called?
internationalism
What Doctrine promised to extend aid to Middle Eastern Nations to assist in case of any aggression by communist nations?
In 1958 Congress approved what came to be called the Eisenhower Doctrine, a resolution that promised to extend economic and military aid to Middle East nations. or internationalism
What is Active involvement in world affairs called?
Active involvement in world affairs is called internationalism. Internationalism is a movement which advocates a greater economic and political cooperation among nations for the theoretical benefit of all. Wilson's program of political and social reform was called progressivism.
What is that Systematic process for answering scientific questions?
A systematic process for answering scientific questions is called
What is the Economic union of European nations called?
The European Economic Union never existed, it was known as the European Economic Community. The EEC transformed into the European Union.
What are Nations called with enough military economic and political strength to influence events in many areas of the world?
The United Nations Security Council - America, Britain, China, France, Russia, and ten other member states chosen in rotation.
What is an alliance of nations that is fighting terrorism?
An alliance of nations is called a coalition.
What are some of the first nations called?
Some of the first nations are called countries.
