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Q: In which type of economy would you expect to see rising per capita GDP and signs of political and social progress?
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Would you expect new and better machinery and equipment to be adopted more rapidly in a market economy or in a centrally planned economy?

Market economy


Is Japanese capitalism?

Japan operates a market economy that adheres to many basic capitalist concepts. However because it does expect citizens to pay tax for infrastructure and some public services so it would be fair to describe it as a mixed economy.


What are the affects of a global economy?

The global economy can both be beneficial and detrimental to new technology. With the rising levels of competition, we can expect to pay less for a technology, and at the same time receive better quality. This is the basis of a competitive market. The downside would be the localization of markets. Many advance technologies will only be produced in developed parts of the world, limiting the spread of wealth and knowledge to lesser developed regions.


If there is an ecxess supply of a good you can expect?

With no subsequent change in demand, you can expect prices to drop.


What is the rationale for government involvement in the market economy?

Prior to government involvement in the free market recessions occurred as they always will in cycles. What goes up must come down type of thing. These recessions were pretty short lived and lasted a year or so and corrected. But around the turn of the 20th century politicians began to place the blame for these recessions on the political party in power. By doing so when the economy improved while they were in power they could take credit for it. That is when the problems really began. The free maket will correct itself and it will do it fairly quickly but when the politicians began to try to "make" it correct itself by dabbling with the monetary system (such as creating the fed) it started taking longer and longer for the market to fix itself. Still today, the people want and expect their government to save them from these recessions and there is political power to be gained from it so politicians rationalize that they have better ideas than the people who actually work in the money market and business and continue to try and "fix" the system.

Related questions

How large countries have less per capita expenses?

"Per capita" means "per person" - so this is just the average per person. If the style of life is similar in two countries, you would expect the per capita income, and per capita expenses, to be similar in both countries, even if they have vastly different populations.


Would you expect new and better machinery and equipment to be adopted more rapidly in a market economy or in a centrally planned economy?

Market economy


If a sociology professor ranks high in prestige but has a relatively low income what can one expect of her political views?

I would expect their political views to be politically incorrect, not what the establishment approves of.


How chinna improve them progress in world?

if you cant even spell china right how do you expect people to answer your questions?


What is the name of the wealthy city in Portugal?

This is a difficult question to answer. Lisbon is by far the largest city and as a result has the most money. However, this does not make it the wealthiest city per capita in Portugal. I imagine that one of the resort towns in the Algarve which have wealthy British expats is probably the wealthiest city per capita. For the "normal" Portuguese cities I would expect Porto to surpass Lisbon in per capita wealth.


What can a shareholder expect with the receding economy?

Give me a dollar and I'll let you hang yourself with my shoelaces.


If I were to major in Political Science in college what should I expect to learn?

Political Science is the study of how government structures work both internally and in conjunction with other governments. A student of political science should expect to learn what the formulations of government policy are on various topics, like economics, sociology, national identity, militancy, democracy, etc.


In general you would expect the platform of a political party to?

In general, you would expect the platform of a political party to outline its stance on various issues, such as healthcare, immigration, education, and the economy. The platform serves as a guide to the party's goals and priorities, providing a clear vision for how they plan to govern if elected.


Where can someone find information on what to expect during the first trimester of pregnancy?

A good resource for what one can expect during the first trimester of pregnancy is the book titled What to Expect When You're Expecting. It has a week by week guide as to the progress of ones baby. It answers many questions one may have during ones pregnancy.


What should you expect from a political party?

Government of the people, for the people, by the people. And in the best interests of ALL people. Dream on !


How much do dental hygientist make a year?

it depends on your experience level and your local economy, but you can expect between $30,000 - $75,000 a year


What is the life expectancy of people who live in Scotland?

First off, Scotland is separated in two parts: The lowlands and the highlands, the lowlands have a better economy with cities such as Edinburgh and Glasgow, so you should expect higher pay and a decent life. However highlands, as beautiful as it is... it doesn't have as good of and economy so you shouldn't expect any huge payrolls.