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Lack of security and its effects to economy?
Privacy activity increase because lack of security and make economy of a country easily being hack
Should demand side policies always be used rather than supply side policies when a government intervenes in an economy?
If the problem in the economy is due to a lack of demand than demand-side policies would be required. If the economy is experiencing a recession, for example, then demand side policies might be appropriate. If the economy is at or near full employment then the focus might be more on increasing aggregate supply.
How do nations obtain goods and services for which they lack adequate resources?
by trading with other nations to get what they need.
What are the main problems of economy?
One of the problems an economy may face is a lack of resources. Another may be lack of skill in a particular industry. High cost of production and poor infrastructure may also be problematic to an economy.
What problem did the move toward a market economy economy cause?
inflation due to lack of goods and profit motive unemployment due to change in objective and structure of the economy industrial unrest due to labour unrest lack of markets lack of welfare system changes in the international trade pattern
Impacts of energy crisis?
Energy crisis have a negative impact to global economy, some of which are; lack of sufficient food, fall in GDP, and inflation.
What is cyclic employment?
Economists describe cyclical unemployment as the result of businesses not having enough demand for labor to employ all those who are looking for work. The lack of employer demand comes from a lack of spending and consumption in the overall economy.
Lack of security and its effects to economy?
Privacy activity increase because lack of security and make economy of a country easily being hack
What factors prevent developing nations from becoming industrialized nations?
Corruption, lack of qualified skill power and poverty are some of the factors that prevent nations from being industrialized. Lack of infrastructure is the other factor.
Should demand side policies always be used rather than supply side policies when a government intervenes in an economy?
If the problem in the economy is due to a lack of demand than demand-side policies would be required. If the economy is experiencing a recession, for example, then demand side policies might be appropriate. If the economy is at or near full employment then the focus might be more on increasing aggregate supply.
How do nations obtain goods and services for which they lack adequate resources?
by trading with other nations to get what they need.
What are the main problems of economy?
One of the problems an economy may face is a lack of resources. Another may be lack of skill in a particular industry. High cost of production and poor infrastructure may also be problematic to an economy.
What problem did the move toward a market economy economy cause?
inflation due to lack of goods and profit motive unemployment due to change in objective and structure of the economy industrial unrest due to labour unrest lack of markets lack of welfare system changes in the international trade pattern
What is the impact of poverty on business operations?
Poverty ? People who live in the urban areas might not take this seriously but little do they know that this also has a major impact on their standards of living simply because it effects the market systems in the economy. Business cycle begins to have a down turn due to poverty reason being is that there are lack of resources or not much money injected into the economy due to corruption with the government.
Why is unemployment rate important?
The unemployment rate can be a good indication of the economy's state. High employment rates show a lack in the growth of the economy and vice versa. Also, high levels of unemployment result in a decrease in general consumption (people have less money to spend as they are searching for jobs) and this will contribute to slow business growth.
What is the impact of teenage marriage?
lack of ability to handle the responsibilities. Lack of awareness on sexual heath. etc
What are some disadvantages of plbanned economy?
The disadvantage of a planned economy is that there is lack of profit which usually leads to the inefficiency of the firms.
