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Is the making buying and selling of goods and services within a country?
Yes, the making, buying, and selling of goods and services within a country is referred to as domestic trade or internal trade. It involves transactions that occur among businesses and consumers within the country's borders. This type of trade is crucial for a country's economy, as it contributes to the overall production, consumption, and distribution of resources.
What causes a command economy to stagnate or decline?
the leader making a mistake which then affects the whole country in a negative way.
Why does each country have to develop an economic system?
Countries have to develop economic systems to provide the framework for people inside of the countries to have a means of making money and sustaining their livelihoods.
What are the disadvantages of a country's weak economy?
A weak economy can lead to high unemployment rates, resulting in increased poverty and social inequality. It often limits government resources for public services such as education, healthcare, and infrastructure, hindering overall development. Additionally, a fragile economy can deter foreign investment, stifling growth opportunities and innovation. This can create a cycle of dependency and instability, making recovery more challenging.
When was Making Our Economy Right created?
Making Our Economy Right was created in 1991.
Is the making buying and selling of goods and services within a country?
Yes, the making, buying, and selling of goods and services within a country is referred to as domestic trade or internal trade. It involves transactions that occur among businesses and consumers within the country's borders. This type of trade is crucial for a country's economy, as it contributes to the overall production, consumption, and distribution of resources.
Which country in West Africa has an economy based nearly entirely on oil?
Nigeria is the country in West Africa with an economy that is heavily reliant on oil. The oil sector accounts for a significant portion of its GDP and government revenue, making it a key driver of the nation's economy. Despite its vast oil resources, Nigeria faces challenges such as corruption, infrastructure issues, and fluctuations in global oil prices that impact its economic stability.
What factors have contributed to making the richest country in the history of the world so financially successful?
The richest country in the world has achieved financial success due to factors such as a strong economy, innovation, technological advancements, a skilled workforce, natural resources, trade agreements, and a stable political system.
How might not having abundant farmland or natural resources affect a country?
Not having abundant farmland or natural resources can significantly impact a country's economy and food security. It may lead to reliance on imports for essential goods, making the economy vulnerable to global market fluctuations and trade disruptions. Additionally, limited natural resources can hinder industrial development and technological advancement, resulting in slower economic growth and reduced competitiveness on the global stage. This scarcity can also exacerbate social inequalities and create challenges in meeting the population's needs.
How does Barack Obama propose to stimulate the economy?
by making a bigger budget for the U.S to live under and provide more green resources.
How did Fiji become a country?
Mexico made it and the rebeled against Mexico and they sold marijuana to ,ake thei rown economy making them a stable country.
What causes a command economy to stagnate or decline?
the leader making a mistake which then affects the whole country in a negative way.
Why does each country have to develop an economic system?
Countries have to develop economic systems to provide the framework for people inside of the countries to have a means of making money and sustaining their livelihoods.
Compare the leadership or Jefferson when it come to decision making that huurts the country to that of george W Bush think about the decisions that was made that hurt the American economy?
comparethe leadership of Jefferson when it come to deceison making that huurts the country to that of george w.bush. think about the deceison that was made that hurt the American economy
How is health and education important for the development of the nation?
Health and Education is important for the development of the Nation such that first, Health is the state of being of the people making up the nation. If they are healthy then the nation is healthy and will be able to do work to uplift the economy and develop the country. Second, Education enables the people of the nation to gain knowledge and skills to be able to do the job, make or construct infrastructure, put food on the table, think of innovative ideas to uplift the economy of the nation and ultimately gain the needed things to develop the nation.
What is third richest country in water resources?
Canada is considered to be the third richest country in water resources, with its vast network of lakes, rivers, and fresh water sources. The country possesses approximately 20% of the world's fresh water, making it a key player in global water resources.
What are the disadvantages of a country's weak economy?
A weak economy can lead to high unemployment rates, resulting in increased poverty and social inequality. It often limits government resources for public services such as education, healthcare, and infrastructure, hindering overall development. Additionally, a fragile economy can deter foreign investment, stifling growth opportunities and innovation. This can create a cycle of dependency and instability, making recovery more challenging.
