Advantage and disadvantage of trying to plan and predict what people will demand and allocating a country's resources on that basis?
A country can develop its economy without a large number of mineral resources by, Exporting Manufactured goods to other countrys.
In order to produce the natural resources more effectively and obtain the more out of them humans have to be capable of understand completely the necessities and uses of the products available and how to produce more and better.
countrys that rely on just one or two principal commodities for much of their earnings.
in macroeconomics manpower is related to growth and development of the country because of increased investment level(producers get attracted towards the huge market) and also increase in produce of the countrys outputs if converted to human capital else it would serve as a huge burden on the countrys demographic investment.In microeconomics increase in the members of the family or firm will lead to increase in output and also increase in income.
The risk of a nation is based on the interest rate...high rate bad health of country economy, low interest rate better situation
A country can develop its economy without a large number of mineral resources by, Exporting Manufactured goods to other countrys.
In order to produce the natural resources more effectively and obtain the more out of them humans have to be capable of understand completely the necessities and uses of the products available and how to produce more and better.
Capitalism Global MArket focus in Trade and exports goods and resources nAtural to parterns countrys and follow the stock market with exchange dollar control and oil
greenland
CHina
Human resource contains immense importance and plays a fundamental role in the development of a country. skilled and trained human resource is necessary for proper utilization of natural resources. since human resource is an active ingredient while natural resource is passive in a way of development
Human resource contains immense importance and plays a fundamental role in the development of a country. skilled and trained human resource is necessary for proper utilization of natural resources. since human resource is an active ingredient while natural resource is passive in a way of development.
The Republic of Sudan.
sydney,london,bejing
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Nepal and Bhutan are sepretted countrys
switzerland