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What is economic interdependence?

economic development is important for growth in national and per capita income along with increase in social welfare,moral values etc.


Why is Namibia using traditional economy?

Namibia employs elements of a traditional economy primarily due to its rich cultural heritage and reliance on subsistence farming and pastoralism among indigenous communities. This approach helps maintain cultural identity and sustainable practices while providing livelihoods for many rural inhabitants. Additionally, the traditional economy complements modern economic activities by fostering resilience against external economic fluctuations. As a result, traditional practices coexist with contemporary developments, contributing to the nation’s overall economic diversity.


What is the name for an economy in which private enterprise and government regulation coexist?

market economy


What is the limitations of average income as a measure of development?

Average income can be misleading as a measure of development because it does not account for income distribution within a population. High average income might coexist with significant income inequality, leaving large segments of the population in poverty. Additionally, it overlooks other critical factors such as access to education, healthcare, and overall quality of life, which are essential for assessing true development. Consequently, relying solely on average income may provide an incomplete or distorted picture of a country's developmental status.


What economic system uses both free market and command principles?

The economic system that combines both free market and command principles is known as a mixed economy. In a mixed economy, the government and private sector coexist, with the government regulating certain industries and providing public services, while allowing market forces to drive others. This system aims to balance the efficiency of free markets with the social welfare objectives of government intervention. Countries like Sweden and France exemplify mixed economies, utilizing both approaches to address economic challenges.

Related Questions

What are the two main opposing view on the status of Prince Williams Sound?

The two main opposing views on the status of Prince William Sound revolve around environmental conservation versus economic development. Proponents of conservation argue for the protection of the area's unique ecosystems and wildlife, highlighting the long-term ecological impacts of industrial activities. Conversely, advocates for economic development emphasize the potential for resource extraction and tourism to boost the local economy, arguing that responsible development can coexist with environmental stewardship. This tension reflects broader debates about balancing ecological preservation with economic interests in sensitive regions.


Can humans and nature coexist?

Humans and nature could coexist, but in order to coexist indefinitely humans would have to treat the environment responsibly, like a caretaker. Humans cannot act irresponsibly, like polluting the environment with chemicals, having nuclear power plant meltdowns, clear cutting rain forests, putting chemicals in the air, etc. and expect the delicate balance of nature to last indefinitely.


What is the purpose of a society?

The purpose of a society is to provide a structured environment where individuals can coexist, collaborate, and thrive. It establishes norms, values, and systems that facilitate communication, cooperation, and the fulfillment of collective needs. Societies create frameworks for governance, economic activity, and cultural expression, promoting social cohesion and individual development. Ultimately, they aim to enhance the well-being of their members while fostering a sense of identity and belonging.


What was Governments created to manage the activities of?

Governments are created to manage the activities of a society by establishing and enforcing laws, maintaining order, and providing essential services. They are responsible for protecting the rights and freedoms of citizens, ensuring public safety, and facilitating economic stability and development. Additionally, governments address social issues and promote the general welfare of the population. Overall, their primary role is to create a structured environment in which individuals can coexist and thrive.


What is a sentence with coexist?

The remora has learned to coexist with the shark.


Can a Chinese water dragon coexist with a leopard frog?

NEVER mix reptiles together that would normally not live in the same environment naturally !


How do you spell coexist?

That is the correct spelling of the word "coexist".


What is economic interdependence?

economic development is important for growth in national and per capita income along with increase in social welfare,moral values etc.


The differentiation of niches that enables similar species to coexist in a community is called?

The differentiation of niches that enables similar species to coexist in a community called resource partitioning. The sum of the total of a species use of the biotic and abiotic resources in its environment is called the species ecological niche.


What kind of society did Amsterdam intend to create?

Amsterdam was intended to create a democratic society characterized by religious tolerance, economic prosperity, and social liberalism. It aimed to be a melting pot of different cultures and ideas, fostering an environment where people of all backgrounds could coexist and thrive.


How do you pronounce coexist?

Coexist is pronounced as "koh-ig-zist."


What is a sentence for the word coexist?

Different social groups must learn to coexist.