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The economy works through the production, distribution, and consumption of goods and services. Factors that influence its functioning include supply and demand, government policies, technological advancements, global trade, and consumer behavior.

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What institution controls an unplanned economic system?

The National Bank and the government work together to influence the economy. They don't, however, control the economy because we are talking about an unplanned (= capitalist) system.The ultimate aim, hence, will be to maximize revenue or profit.


What factors influence work opportunities globalisation what factors influence work opportunities skills bases what factors influence work opportunities economic and population shifts?

Work opportunities are influenced by globalization, which facilitates the flow of labor and capital across borders, leading to increased competition and the emergence of new markets. Skills bases play a critical role, as the demand for specific skills can shape employment opportunities; industries often seek workers with specialized training or education. Economic shifts, such as changes in industry demand or technological advancements, can create or eliminate jobs, while population shifts, including urbanization and migration, can alter labor supply and affect local job markets. Together, these factors shape the dynamics of employment and workforce development.


How do interest rates work and what factors influence them?

Interest rates are the cost of borrowing money or the return on investments. They are influenced by factors such as inflation, economic conditions, central bank policies, and market demand for credit. When these factors change, interest rates can go up or down.


Discuss the factors which determine the standard of living in a mixed free enterprise economy?

In a miled free enterprise economy each worker believe that he has the ability to improve his standard of living by hard work. Because of the promise of a better life through hard work, the standard of living is, indeed, improved. With the improved standard of living the economy improves. They feed off each other, and the cycle continues to improve.


How does the market economy work?

An increase in trade and aided the growth of market economy

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Hard work is a factor in the production of raw materials. It is one of the factors why production is a labor work.


What factors tend to influence party choice?

- The Age - Place Of Residence - Level Of Education and - Work Environment


What factors made colonies successful?

Family-owned farms


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Impact of social reform movements and factors that influence the emergence the method approach in social work?

the setting up of educational institutiins


What did president harding's administration do to influence the American economy after world war i?

Help American industries grow.