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How the social market economy may be used to solve the economic problems?
Wiki User
∙ 9y ago
through provision of resources that are scares, to satisfy the needs and wants.
Wiki User
∙ 9y ago
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What was China's Economy before it was a market economy?
social economy
What kind of economic culture code does Germany have?
Germany is an economic power house. It was a founding member of the Economic Union and has the highest trade surplus in the world. It follows the social market economy that allows trade unionism and social insurance.
What is the economic system of Germany?
Germany has a social market economy. Germany founded the European Union, as well as the Eurozone. Its official currency is the Euro.
What economic system does India have?
The Indian economy is the world's twelfth largest according to market exchange rates. It is also the fourth largest economy by purchasing power parity (PPP) basis. From 1947 to 1991, the India Economic System was based on social democratic-based policies. The policies feature protectionism, extensive regulation and public ownership which led to slow growth and corruption. But the economy has moved to a market-based system with economic liberalization starting in 1991. The growth rate of the economy increased in 2000's with healthier economic reforms and policies. India became the second-fastest growing major economy in the world by 2008. In economic terms, India has a Mixed Market Economy - it uses a variety of government regulations to control the economy, but relies primarily on market forces to set pricing and demand and uses the general principles of capitalism.
Does Germany have a free market economy?
Germany has a free market economy to a great extent. The country has a social market which operates on the principles of a free market economy.
What kind of Economic System does Germany Have?
social market economy
Are there benefits to a social market economy?
The social market economy combines capitalism with a social policy that ensures a basic economic safety net for the poor. It was originally implemented in West Germany.
What was China's Economy before it was a market economy?
social economy
What kind of economic culture code does Germany have?
Germany is an economic power house. It was a founding member of the Economic Union and has the highest trade surplus in the world. It follows the social market economy that allows trade unionism and social insurance.
What is Germany's type of economy?
They have a Social Market economy.
What kind if market does Germany have?
social market economy
What is the economic system of Germany?
Germany has a social market economy. Germany founded the European Union, as well as the Eurozone. Its official currency is the Euro.
Does Germany have a free market economy?
Germany has a free market economy to a great extent. The country has a social market which operates on the principles of a free market economy.
What is the removal of social and economic inequalities?
It is to remove inequalities from the economy
What economic system does India have?
The Indian economy is the world's twelfth largest according to market exchange rates. It is also the fourth largest economy by purchasing power parity (PPP) basis. From 1947 to 1991, the India Economic System was based on social democratic-based policies. The policies feature protectionism, extensive regulation and public ownership which led to slow growth and corruption. But the economy has moved to a market-based system with economic liberalization starting in 1991. The growth rate of the economy increased in 2000's with healthier economic reforms and policies. India became the second-fastest growing major economy in the world by 2008. In economic terms, India has a Mixed Market Economy - it uses a variety of government regulations to control the economy, but relies primarily on market forces to set pricing and demand and uses the general principles of capitalism.
Why did the former soviet union have problems adapting to a free market society?
Economic hardships, social disorder, rebellion in Chechnya and a rise in organized crime added to the list of problems for Yeltsin.
Why did former soviet union have problems adapting to a free market society?
Economic hardships, social disorder, rebellion in Chechnya and a rise in organized crime added to the list of problems for Yeltsin.
