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A direct role involves the government passing laws or carrying out policies that change or affect the economy, like issuing taxes. An indirect role is a government change that inadvertently affects the economy, like wars in the Middle East affecting oil prices. The government didn't raise oil prices, but the conflict caused the leaders with whom we are at war to raise prices on our imports.
What else can I help you with?
Is Microeconomics or macroeconomics in charge of tax on restaurant meals?
These taxes are part of indirect taxes , though taxes are imposed on individuals and paid by individuals it is a macro concept which is dealt by the govt.... hence it is macro economics in charge of these taxes...... however indirect taxes are managed by the state govt...
Who owns all property and resources in a pure market economy?
in a pure one only private firms and individuals but in reallity both govt and private
How does a command economy differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
What was the government's attitude toward business in the 1920s?
laissez faire- french word meaning the govt. will stay out of the economy
What is meant by GDP?
Gross Domestic Product.It is the measure of economy of a country G.D.P=CONSUMPTION+INVESTMENT+GOVT SPENDING+(EXPORTS-IMPORTS)
Is TDS a direct tax or an indirect tax?
TDS means tax deducted at source. It is employer's duty to deduct tax at source otherwise govt. may take action. It is a direct tax.
Is a market economy the same as a command economy?
No, a command economy is where the central govt. controls everything. A market economy is where the govt. trades, buys, and sells products from different countries.
Is Microeconomics or macroeconomics in charge of tax on restaurant meals?
These taxes are part of indirect taxes , though taxes are imposed on individuals and paid by individuals it is a macro concept which is dealt by the govt.... hence it is macro economics in charge of these taxes...... however indirect taxes are managed by the state govt...
Who owns all property and resources in a pure market economy?
in a pure one only private firms and individuals but in reallity both govt and private
What is an example of a complex institution?
religion, govt, the economy, education systems, canals
What is a Example of complex institutions?
religion, govt, the economy, education systems, canals
What is an example of complex institutions?
religion, govt, the economy, education systems, canals
Who owns the factors of production in market economy?
factors of production by govt. , by society and privetly
Who owns the factor of production in a market economy?
factors of production by govt. , by society and privetly
How does a command economy differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
What was the kind of government Bulgaria have after world war 2?
A communist govt. A one party system, all govt. owned property, centralised and state owned economy
What are the objectives of mixed economy?
well firstly in a mixed economy, you hv both private sector and public sector (govt/ State). the MAIN obj of the mixed econmy is the private sector are their for self interest (profit) the public sector is their for the good of the nation hope it helped :)
