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Generally speaking the more jobs an economy can fill or advertise the need to fill can definitely lead to a better economy.
A good economy is one where the unemployment rate is low and the monthly application for unemployment benefits is also low. The more people at work means more money at their disposal. This means more products can be sold and new orders can be filled. It also means that the potential tax base for governments is higher. Since many governments are in debt, the ability to tax the salaries & wages of its population can help ease the burden of debt.
The increase in employment also can mean that taxes perhaps do not need to be raised.
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What is an agricultural-based economy?
An agricultural-based economy is an economy in which everything starts with how well agriculture in that society is. Such as in the Ancient Mesopotamian society in which a surplus caused by agriculture led to job specialization, which in turn led to more manufacturing, which led to more trade, which would then lead to a richer economy. But if the farming is not producing enough food, then more workers will have to work in agriculture which leads to less manufacturing/specialized jobs, which in turn leads to less trade, and then a poor-er economy.
What face of a business cycle can lead an economy into recession?
contraction
Before government approves a merger what must the companies prove the merger would do?
lower costs and consumer prices or lead to a better product
How did the economy of the Southern states lead to civil war?
Their economy was booming with Cotton sales to foreign nations, but the US put a Tariff of Abomination in place which taxed imported goods. People from the south hated this because they feared that the foreign nations would tax their exports, and nobody would buy them.
How may saving influence economic activity?
savings in an economy impact the level of investment in the economy. if the households save more, then this will lead to capital formation in the economy which will boost the economic situation of the nation.
What might be some possible results of the growing interest in the US?
The results would be a more educated America which could lead to us having a stronger economy and better jobs
What might be some possible results of growing interest in education in the US?
The results would be a more educated America which could lead to us having a stronger economy and better jobs
What might be some possible result of the growing interest in education in the US?
The results would be a more educated America which could lead to us having a stronger economy and better jobs
What might be some possible results of the growing interests in education in the US?
The results would be a more educated America which could lead to us having a stronger economy and better jobs
Is it absolutely important for governments to have nationalised industries to be able to control the economy's?
While this may lead to a better controlled economy, it would also most likely lead to a less effective economy, and nowadays it is far more important for an economy to be effective than to be under total government control. As such, nationalising industry is probably only worthwhile in necessary, but unprofitable industry, such as the British Royal Mail.
Why would it lead to hard times for Boston that they closed the Boston Harbor?
At the time, Boston's economy was largely dependent on the trade - import and export - that was based on Boston's position as a major harbor. Blockading that harbour would lead to almost all its imports and exports coming to a standstill, people losing their jobs etc.
What was the result of the flow of money and growth in population?
The result of the flow of money and growth in population can lead to economic expansion and increased market activity. As the population grows, there is greater demand for goods and services, which can stimulate economic development. However, it can also lead to challenges such as inflation, income inequality, and strain on resources.
Did the increase of factories lead to better technology or did better technology lead to more factories?
No, they did not lead because they have to go over many things
What is Agricultural economy?
An agricultural-based economy is an economy in which everything starts with how well agriculture in that society is. Such as in the Ancient Mesopotamian society in which a surplus caused by agriculture led to job specialization, which in turn led to more manufacturing, which led to more trade, which would then lead to a richer economy. But if the farming is not producing enough food, then more workers will have to work in agriculture which leads to less manufacturing/specialized jobs, which in turn leads to less trade, and then a poor-er economy.
What issues might arise if the economy reached full employment?
It would lead to a period of inflation
What is an agricultural-based economy?
An agricultural-based economy is an economy in which everything starts with how well agriculture in that society is. Such as in the Ancient Mesopotamian society in which a surplus caused by agriculture led to job specialization, which in turn led to more manufacturing, which led to more trade, which would then lead to a richer economy. But if the farming is not producing enough food, then more workers will have to work in agriculture which leads to less manufacturing/specialized jobs, which in turn leads to less trade, and then a poor-er economy.
How did machines lead to a decrease in jobs?
Machines lead to a decrease in jobs because machines were more advanced. Machines could practically do the person's job within minutes while it would take the person hours. Machines could also produce better and more accurate products. Business owners also found it cheaper to use machines to do the work.
