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What is economic system used by South Africa?
mixed economic system
What does economic resources mean?
resources like coal,oil,wood and etc... are used for companies and make money with it
What economic system is used in India?
market economy
What is The economic system that European nations used to enrich their treasuries?
Mercantilism
A scarce commodity used in an economic system?
A scarce commodity used in the context of an economic system is something that there is less of than what is needed. Examples are gasoline during a gas crisis, wheat after a drought, etc.
What is economic system used by South Africa?
mixed economic system
What does economic resources mean?
resources like coal,oil,wood and etc... are used for companies and make money with it
What is the system of how money is made and used within a particular region?
The system of how money is made and used within a region is typically governed by its economy, which includes the production of goods and services, the banking system, and regulatory frameworks. Money is created primarily through central banks, which issue currency and manage monetary policy to control inflation and stabilize the economy. In this system, money circulates through transactions, investments, and savings among individuals, businesses, and government entities, facilitating trade and economic growth. The overall effectiveness of this system is influenced by factors such as supply and demand, consumer confidence, and external economic conditions.
What is a system of how money was made and used within a particular region?
A system of how money was made and used within a particular region refers to the economic framework that dictates the production, distribution, and consumption of currency and goods. This system encompasses various components, including the local currency, trade practices, banking institutions, and regulations governing financial transactions. It reflects the region's economic activities, cultural values, and historical context, influencing how wealth is generated and exchanged among its inhabitants. Ultimately, it shapes the overall economic health and development of the region.
Why is it important to have a system of money that is recognized agreed upon and used by all people?
Having a universally recognized system of money promotes trade and economic stability by providing a common medium of exchange. It simplifies transactions, facilitates economic growth, and fosters trust between parties engaging in transactions. Additionally, a widely accepted currency reduces the complexity of international trade and promotes global economic integration.
What economic system is used in India?
market economy
Modified capitalist system Lenin used to avoid economic disaster?
New economic policy.
What do people in Germany use to survive?
Germans have a highly advanced socioeconomic system in which they work to make money. The money is used to buy shelter, food, and clothing.
What did Indians use for money?
The Indians did not have money they used the trading system.
What is The economic system that European nations used to enrich their treasuries?
Mercantilism
A scarce commodity used in an economic system?
A scarce commodity used in the context of an economic system is something that there is less of than what is needed. Examples are gasoline during a gas crisis, wheat after a drought, etc.
What is the aborigines economic system?
They didn't really HAVE one haha. They didn't have currency, they used trade sometimes, but most things they had or wanted they could make themselves.
