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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 type of economic structure is a government given the authority to regulate some of the process of free enterprise?

The economic structure where a government regulates aspects of free enterprise is known as a mixed economy. In a mixed economy, both private and public sectors coexist, allowing for free market mechanisms while also implementing government interventions to address market failures, ensure fair competition, and provide public goods. This balance aims to harness the benefits of capitalism while mitigating its downsides, such as inequality and monopolies.

Related Questions

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 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.


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.


What is the noun of coexist?

The noun forms of the verb to coexist are coexistence and the gerund, coexisting.


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.


A sentence for coexist?

Nations can coexist in peace if they agree to resolve their problems through compromise.


Can cultures coexist with fundamental differences?

Yes, Marriages coexist with fundamental cultural differences...