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Economists make comparisons between the US type of economy and other economies around the world?
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∙ 14y ago
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Why do economists pay more attention to national economies for example the US or Canadian economies than to state or provincial economies such as California or Ontario?
This notion that economists pay more attention to the national economies is right and wrong. It's right because many "big guys" for example: Central Bank makes most of the headline regarding national economy creating a illusion that it's all the economist concerns about. In addition, foreign economists will look at a COUNTRY rather than an individual state when assessing that country's economy. However, it's wrong because many economists do work on the state level and help state/province governor make economic decision that will affect that state.
What is the plural of economy?
The plural of economy is economies. As in "the economies are failing".
How did the great depression affect economists beliefs about the macroeconomy?
Instead of assuming that the macroeconomy would automatically recover from a recession, economists began to consider the possibility that modern market economies could fall into prolonged contractions and that government assistance would be necessary to pull them out.
What is internal economy of scale?
The difference between internal economy of scale and external economy of scale is that internal economies of scale come from within the business ; external economies come from or affect the world outside the business.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
Why do economists pay more attention to national economies for example the US or Canadian economies than to state or provincial economies such as California or Ontario?
This notion that economists pay more attention to the national economies is right and wrong. It's right because many "big guys" for example: Central Bank makes most of the headline regarding national economy creating a illusion that it's all the economist concerns about. In addition, foreign economists will look at a COUNTRY rather than an individual state when assessing that country's economy. However, it's wrong because many economists do work on the state level and help state/province governor make economic decision that will affect that state.
What is the plural of economy?
The plural of economy is economies. As in "the economies are failing".
How did the great depression affect economists beliefs about the macroeconomy?
Instead of assuming that the macroeconomy would automatically recover from a recession, economists began to consider the possibility that modern market economies could fall into prolonged contractions and that government assistance would be necessary to pull them out.
What is internal economy of scale?
The difference between internal economy of scale and external economy of scale is that internal economies of scale come from within the business ; external economies come from or affect the world outside the business.
Efficiency and economies of scope in regulated economy?
Efficency and Economies of scope in regulated economy
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
Is a mixed economy the same as a market economy?
No. When we say "market economy," we likely mean to say a free market economy-an economy unfettered with government policy interventions. This is usually stated in opposition to a planned command economy-planned by government personnel. Neither of these extremes exist in the real world. World economies are mixed economies. The difference between countries is the degree to which they are mixed. Economies such as Cuba and the former Soviet Union tend toward the command economy whilst economies such as Hong Kong and Singapore are cited as the freest market economies.
Economists generally assume that?
Economists generally assume that the economy will behave in an understandable way.
What are people who develop ideas that explain how the economy works known as?
Such people are generally known as Economists. There are many varieties of economists, like Neo-Classical, Keynesian, Marxist, Mercantilist, Physiocratic, etc.People who develop ideas that explain how an economy works are called economists.
What is the capitalism view on globalization?
Capitalism is the economic system that dominates the world today. Economics is a study that tries to understand how economies work, when economists today refer to the economy, they are referring to the capitalist system. Though economists only use the term "capitalism" on a more regular basis when it is in crisis.
What are people who developed ideas that explained how the economy known as?
Such people are generally known as Economists. There are many varieties of economists, like Neo-Classical, Keynesian, Marxist, Mercantilist, Physiocratic, etc.People who develop ideas that explain how an economy works are called economists.
What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
