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The first nation to build its economy on capitalism was who?
The first nation to build its economy on capitalism was Great Britain. Laws were changed to allow free trade in England and elsewhere in Great Britain.
Is great Britain a market or command economy?
Great Britain operates primarily as a market economy, characterized by private ownership and the free market's role in determining prices and production. However, it also incorporates elements of a mixed economy, where the government intervenes in certain sectors to provide public services and regulate the market. This blend allows for both economic freedom and social welfare initiatives. Overall, the market drives the economy, but government intervention exists to address market failures and ensure public goods.
How had World War been good for the economy?
no because to this day we, great Britain, still pay germany for the damages to thier country
What was british reason for creating the currency act?
Britain's rationale for enacting the Currency act of 1764 was to support British merchants, and therefore benefit the British economy. And also to increase the gold and silver reserves in Great Britain, which were running very low on this nonpaper money currency.
What type of economic system does Great Britain have?
Great Britain has a free market economysocialistI disagree; the British economic system is a classic mixed economy as is the US. Socialism refers to many theories of economic organization which advocated public ownership and administration of the means of production and allocation of resources. Capitalism, the economic and social systems in which capital and land, means of production are privately owned and labor, goods and resources are freely traded in markets, while profits, after taxes are distributed to owners and investors, is alive and well in both the US and UK.The socialist mix takes place, in both economies, with the state subsidized or owned factors of production, infrastructure and services (schools, roads, hospitals, energy communication - Postal Service, etc.) as well as involuntary spending and investment (eg. social security, national health services, welfare, government subisidies, mandatory insurance, etc.), laws and regulations (environmental, consumer and labor, etc.), taxes and fees designed to manipulate behavior within the economy.
When was Socialist Party of Great Britain created?
Socialist Party of Great Britain was created in 1904.
When was Union of German Socialist Organisations in Great Britain created?
Union of German Socialist Organisations in Great Britain was created in 1941.
Great Britain has some elemants of a socialist economy?
Britain has a National Health Service where health care is available free to everyone, regardless of income. Only a minority of people have private health care insurance.
Which civilizations economy was similar to that of the Phoenicians?
Great Britain.
Which publicly controlled economy is the nearest a mixed economic system?
The publicly controlled economy which is the nearest to a mixed economic system is a socialist economy. The public will influence such an economy to a great extent.
The first nation to build its economy on capitalism was who?
The first nation to build its economy on capitalism was Great Britain. Laws were changed to allow free trade in England and elsewhere in Great Britain.
Who was the first to build it's economy on capitalism?
The first nation to build its economy on capitalism was Great Britain. Laws were changed to allow free trade in England and elsewhere in Great Britain.
How will the 2012 Olympics benefit Great Britain?
It will benifit Great Britain by having al the people or tourists will come and buy things and this will help Britain economy.
What drastic measures did France and great Britain take to stabilize their economy?
When
Was the economy in great Britain strong before World War 1?
no
What strategy was used by Great Britain to put Germany's economy to a standstill during World War 1?
Great Britain used bombs
Is Great Britain a mixed economy?
yes great Britain has mixed economy(more in past than now). The economy is mixed because business are allowed to decide how they control their finances and transport is owned by coropations but services like health care and education are paid for by the government.
