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Economy and society are interconnected concepts, as the economy refers to the system of production, distribution, and consumption of goods and services, while society encompasses the individuals and communities engaging in these economic activities. Both are influenced by the same factors, such as cultural norms, political structures, and technological advancements, which shape how resources are allocated and how people interact. Essentially, a healthy economy supports social well-being, and a cohesive society can foster economic growth, highlighting their mutual dependence.
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What society did not base its economy of trade?
Assuming you mean ancient Africa, the Igbo people.
Why might a socialist society have a less rigid command economy than a communist socirty?
In a socialist society, various political systems may be combines with public control of the economy.
What you mean by open economy and closed economy?
By open economy it means that economy in which private people are allowed to participate in making economic decisions while,by closed economy it means the economy in which the government is the one planning for the whole society
Why might a socialist society have a less rigid economy than a communist society?
In a socialist society, various political systems may be combines with public control of the economy.
Compare capitalist economy with socialist economy?
Socialism means a classless stateless society with no money or prices or buying and selling. hence there can be no such thing as a Socialist economy.
Why might a socialist have a less rigid command economy than a communist society?
In a socialist society, various political systems may be combines with public control of the economy.
What society did not base its economy of trade?
Assuming you mean ancient Africa, the Igbo people.
Why might a socialist society have a less rigid command economy than a communist socirty?
In a socialist society, various political systems may be combines with public control of the economy.
What you mean by open economy and closed economy?
By open economy it means that economy in which private people are allowed to participate in making economic decisions while,by closed economy it means the economy in which the government is the one planning for the whole society
What is the main characteristic of how a society develops?
Society typically forms from the economy-up, meaning the economy is the base of society.
Why might a socialist society have a less rigid economy than a communist society?
In a socialist society, various political systems may be combines with public control of the economy.
What is ancient and rome society and economics?
The society and economy of ancient Rome was the society and economy of the ancient Romans, whose civilisation spanned from 753 BC to 476 AD.
Compare capitalist economy with socialist economy?
Socialism means a classless stateless society with no money or prices or buying and selling. hence there can be no such thing as a Socialist economy.
IS there black economy in India?
if you mean a 'black market" then yes there is, the same as in any other country.
What is max weber's concept of society bridges between economy and society?
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Why might a socialists society have a less rigid command economy than a communist society?
In a socialist society, various political systems may be combines with public control of the economy.
Why might a socialist society have a less-rigid command economy than a communist society?
In a socialist society, various political systems may be combines with public control of the economy.
