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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.


How can i explain factors that influence or define work methods?

Factors that influence or define work methods include organizational culture, which shapes employee behavior and practices; the nature of the tasks, which may require specific techniques or tools; and the available technology, which can streamline processes or introduce new methodologies. Additionally, leadership styles and management practices can dictate the approach to teamwork and communication. External factors such as industry standards and regulations also play a crucial role in shaping effective work methods.


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.


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.


Should the Government manage the economy?

No it should not. there is no way that a government could get control over the complexity's that make any economy work. that does not mean however that some economic factors should not be overseen by the government to make sure that they are legal under the law of the land.

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poltical factors in social work


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There several factors that influence the group cohesiveness of the people with whom you work. Some of them include professional ethics, being a team player and having etiquette among others.


What is the laziest country?

It is not accurate or fair to label any country as the "laziest." Work ethic can vary among individuals within a country, and factors such as culture, economy, and societal norms influence productivity levels.


What factors in a work of art influence the visual weight of the art elements?

The factors that influence the visual weight of art elements are;size and contour, color,value,texture,and position.


What are the factors influence employee's work behaviors?

Factors that influence employee work behaviors include job satisfaction, leadership style, organizational culture, work environment, communication and feedback, recognition and rewards, career growth opportunities, and workload. These factors can impact employee motivation, engagement, productivity, and overall job performance.


What is a sentence for factors of production?

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


How does evaporation work and what factors influence the rate of evaporation?

Evaporation is the process by which a liquid turns into a gas, usually due to heat energy. Factors that influence the rate of evaporation include temperature, surface area, humidity, and air movement.


What are the key factors that influence employee participation in an incentive survey?

The key factors that influence employee participation in an incentive survey are the perceived value of the incentives offered, the clarity of communication about the survey, the trust in the confidentiality of responses, and the relevance of the survey to their work experience.


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

Help American industries grow.


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

the setting up of educational institutiins