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Q: How are All large modern economies answer most of the basic economic questions of what to produce how and for whom by?
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Why economic growth is desirable for modern open economies?

Why economic growth is desirable for modern open economies


How have world economies changed during the modern era?

Economic philosophies such as capitalism and communism have been developed.


How have economies changed during the modern era?

Economic philosophies such as capitalism and communism have been developed.


Which type of economic activity has grown more important in modern economies in recent years?

Tertiary economic activity has grown more important in recent years. Tertiary economic activity is the economic activity of the service sector.


Why are most modern economies referred as mixed economies?

poverty is always higest in countries with market economies


Why more modern economists are mixed economies elaborate?

Most mixed economies can be described as market economies with strong regulatory.


Which economic system did socialism lead to?

Centrally-planned economies in the USSR and Eastern Bloc. Market socialism in Yugoslavia. State capitalism in modern day China and Vietnam.


In modern economies what is the medium of exchange?

Money!


Which event is distinct from to the modern era?

The shift from agricultural to manufacturing economies.


All large modern economies have become mostly market economies because market economies provide?

the most efficient use of resources in producing what people want


Why are most modern economies referred to as mixed economy?

idgaf !!


What makes the early modern period modern?

The early modern period is considered modern due to significant social, political, and economic changes that set the stage for the modern world. Key developments include the rise of nation-states, the Protestant Reformation, the Scientific Revolution, and the exploration and colonization of the Americas. These changes transformed society, economies, and governments in ways that laid the foundation for our contemporary world.