0
Gaining more than gaining less is better.
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
How does a command economy respond to consumer demand?
Command economy, due to the imperfect market it always creats, it shall always supply economic goods(scarcity) in the market to alow high demand, hence monopoly of the market.
What is the level competition in a traditional economy?
In a traditional economy, people rely on barter or the exchange of one good for another good. In such an economy, the competition is any other valuable product that someone has to offer a dealer to rival what you have to offer.
What is transaction demand?
Transaction demand is the money needed by a person or company for their needs. It can tract the demands of an economy, with high demand as indicator for good economy.
Is the level of competition high or low in traditional economy?
High
How would the Chinese economy be characterized?
china's economy is a centrally planned economy with a high level of government control
What are possitives effects of warfare on society?
War is usually good for the economy as it creates jobs and stimulates spending. War got the US out of the 1930s depression as well as saving the Germany economy at the time from extremely high inflation.
Is high interest checking good for the economy?
"Yes, it is all good for the economy! Anything that involves money circulating and increasing is great for the economy. High interest checking accounts are good."
Does high rates of economic growth always stabilize the economy?
No, in essence a high growth rate is good but as a result high growth rates will lead to a cession. It is part of the business cycle. To stabilize an economy growth rates should slow and steady
Start Saving in High School?
As soon as you have your first job, you should start saving money up for college. If you can save a few thousand dollars during high school for college, then you will be on the road to success. Saving money in high school will always help eliminate stress for students who use that money for college.
How does saving affect borrowing and investing?
Generally human tendency is always thinking about future as the future is uncertain. In economics when income increases consumption also increases but less than proportionately. This is because everyone wants to save some portion of their income for their future. The reason for India for not so affected when Global recession was so much impact on the western countries, is saving tendency of the Indians. However, if the saving is high in the economy due to uncertainity, the volume of circulation of the money in the economy will become less and it will lead to lesser borrowing and investing attitude of the people. However, for any healthy economy there must be dynamic borrowing and investing with considerable amount of saving.
How is Brazil's economy viewed?
High Taxes , High Especulate MArket , (Stock MArkert), Good Opportunity
In which country is the hiest interest rate for saving money?
Australia has traditionally always been very high and currently still is
How does a command economy respond to consumer demand?
Command economy, due to the imperfect market it always creats, it shall always supply economic goods(scarcity) in the market to alow high demand, hence monopoly of the market.
Why is the economy in Luxembourg so good?
luxembourg's stable, high-income economy features moderate growth, low inflation, and low unemployment.
Where can I find the best interest rate?
Do you invest in your 401 k? The interest rate is typically much better there especially if you are saving for retirement. Also another option is to purchase a CD which the interest rate is always high on. Good luck.
What is the level competition in a traditional economy?
In a traditional economy, people rely on barter or the exchange of one good for another good. In such an economy, the competition is any other valuable product that someone has to offer a dealer to rival what you have to offer.
What is transaction demand?
Transaction demand is the money needed by a person or company for their needs. It can tract the demands of an economy, with high demand as indicator for good economy.
